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4638 4th St
Detroit, MI 48201
Specialty Property For Sale
·
5,881 SF
EXECUTIVE SUMMARY
Prime Location: Situated at 4638 4th Street in Detroit, MI, this property is in a rapidly developing and growing corridor, one block away from Wayne State University and adjacent to M-10 and other major transit routes
Ample Parking: The church on-site lot holds up to 75 spaces with numerous parking garages nearby
Historical Charm: The property boasts historical charm, which can be a unique selling point for attracting tenants or buyers interested in preserving and utilizing historical buildings.
High Demand Area: Midtown Detroit is experiencing a resurgence, with increasing demand for real estate of all asset classes. The surrounding area has seen a surge in demand for quality rental housing and retail amenities, driven by young professionals, students, and urban dwellers
Redevelopment Potential: The existing structure may be eligible for teardown or adaptive reuse, allowing for creative redevelopment with modern design and amenities.
Opportunity Zone Benefits: Located within a designated Opportunity Zone, investors may benefit rom significant tax incentives on capital gains.
Proximity to Anchor Institutions: Close to Wayne State University, Henry Ford Hospital, and cultural institutions—driving consistent demand for housing and services.
Underserved Retail Market: The neighborhood has limited retail options, creating a strong opportunity for ground-floor commercial tenants such as cafes, boutiques, or service providers.
Ample Parking: The church on-site lot holds up to 75 spaces with numerous parking garages nearby
Historical Charm: The property boasts historical charm, which can be a unique selling point for attracting tenants or buyers interested in preserving and utilizing historical buildings.
High Demand Area: Midtown Detroit is experiencing a resurgence, with increasing demand for real estate of all asset classes. The surrounding area has seen a surge in demand for quality rental housing and retail amenities, driven by young professionals, students, and urban dwellers
Redevelopment Potential: The existing structure may be eligible for teardown or adaptive reuse, allowing for creative redevelopment with modern design and amenities.
Opportunity Zone Benefits: Located within a designated Opportunity Zone, investors may benefit rom significant tax incentives on capital gains.
Proximity to Anchor Institutions: Close to Wayne State University, Henry Ford Hospital, and cultural institutions—driving consistent demand for housing and services.
Underserved Retail Market: The neighborhood has limited retail options, creating a strong opportunity for ground-floor commercial tenants such as cafes, boutiques, or service providers.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1900 |
| Property Subtype | Religious Facility | Parking Ratio | 6.8/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.71 AC | Parcel Number | 04-0035109 |
| Building Size | 5,881 SF | ||
| Zoning | R5 | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 5,881 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Parking Ratio | 6.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 |
| Parcel Number | 04-0035109 |
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