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Mad Nice 4120 2nd Ave 9,000 SF Retail Building Detroit, MI 48201 $3,528,646 CAD ($392.07 CAD/SF) 7% Cap Rate

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Investment Highlights

Over 7 years remaining
The Detroit Cultural Center & District Detroit
Special Development District

Midtown Detroit
The “Future of Health” & Innovation Hubs
Pedestrian-Oriented Retail

Executive Summary

Located just minutes from downtown, the subject property benefits from its inclusion in Detroit’s entertainment ecosystem. Among the most dense and diverse of any mid-sized American city, Detroit has four major professional sports franchises playing within the city limits, drawing millions of fans annually. Moreover, the city’s casino industry generates over $1.29 billion annually across resort properties MGM Grand Detroit, MotorCity Casino Hotel, and Hollywood Casino at Greektown. Coupled with a hospitality market anchored by the 1,300-room Detroit Marriott at the Renaissance Center, and an additional 4,000 rooms in downtown, further cementing Detroit as one of America’s premier destination cities.