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The Adam (Mixed-Use Redevelopment) 18-24 W Adams Ave 20,000 SF 100% Leased Retail Building Detroit, MI 48226 For Sale
INVESTMENT HIGHLIGHTS
- Heavy Daytime Foot Traffic
- High Ceilings
EXECUTIVE SUMMARY
Current Property Overview:
18-24 W Adams Ave. in Detroit, MI, presents a prime investment opportunity in the heart of the city’s bustling downtown district. This commercial real estate asset boasts a strategic location with high visibility and foot traffic, making it ideal for a variety of business ventures. The building features modern amenities and is structurally sound to build upward of 20+ stories. Its proximity to major transportation hubs, popular dining, and entertainment venues enhances its appeal, promising steady tenant demand and strong rental income potential. With Detroit’s ongoing economic revitalization, this property is poised for significant appreciation, offering investors a lucrative addition to their portfolio.
18-24 W Adams Ave. in Detroit, MI, presents a prime investment opportunity in the heart of the city’s bustling downtown district. This commercial real estate asset boasts a strategic location with high visibility and foot traffic, making it ideal for a variety of business ventures. The building features modern amenities and is structurally sound to build upward of 20+ stories. Its proximity to major transportation hubs, popular dining, and entertainment venues enhances its appeal, promising steady tenant demand and strong rental income potential. With Detroit’s ongoing economic revitalization, this property is poised for significant appreciation, offering investors a lucrative addition to their portfolio.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1930/2022
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
DDA, Detroit
Frontage
83’ on ADAMS AVE
AMENITIES
- Bus Line
- Restaurant
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-000387 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,728,563 CAD |
PROPERTY TAXES
Parcel Number
02-000387
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,728,563 CAD
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The Adam (Mixed-Use Redevelopment) | 18-24 W Adams Ave
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