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Investment Highlights

  • Positioned on a prominent hard corner within Detroit’s Midtown/New Center corridor, providing strong visibility along a major thoroughfare.
  • The two-story building spans roughly 19,729 SF, accommodating retail, showroom, or office use under B5 General Business zoning.
  • Located within a designated Opportunity Zone, which may provide eligible investors with significant tax benefits.
  • Offers approximately 0.68 acres of land with valuable on-site parking in an urban infill location.
  • Features two overhead doors and a full basement for storage, enhancing operational flexibility.
  • Just minutes from major transportation routes and surrounded by a vibrant mix of retail, residential, and institutional developments.

Executive Summary

The property at 7373 Third Street offers a rare opportunity in Detroit’s highly sought-after Midtown/New Center corridor, positioned on a prominent hard corner with strong visibility and access along a major thoroughfare. Situated on approximately 0.68 acres, the site provides valuable on-site parking and flexibility in an urban infill setting. The existing building spans approximately 20,000 square feet and supports a variety of uses under B5 (General Business) zoning, including retail, showroom, office, or multi-tenant retail configurations, making it ideal for both owner-users and investors seeking repositioning or redevelopment potential. There are 2 overhead doors on the north end of the property. Full basement utilized for product storage.

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Taxes $516,298,548 $26,169.52
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes (CAD)
Annual $516,298,548
Annual Per SF $26,169.52
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $516,298,548
Annual Per SF $26,169.52

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,729 SF
Building Class
B
Year Built/Renovated
1965/1987
Tenancy
Single
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
B5 - Commercial Zoned District
Parking
41 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
201’ on 3rd St

Amenities

  • Corner Lot
  • Fenced Lot
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 9,865 SF
  • Retail
  • -
  • Now

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

  • 2nd Floor
  • 9,864 SF
  • Retail
  • -
  • Now

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

Space Size Space Use Position Available
1st Floor 9,865 SF Retail - Now
2nd Floor 9,864 SF Retail - Now

1st Floor

Size
9,865 SF
Space Use
Retail
Position
-
Available
Now

2nd Floor

Size
9,864 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 9,865 SF
Space Use Retail
Position -
Available Now

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

2nd Floor

Size 9,864 SF
Space Use Retail
Position -
Available Now

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Orangetheory Fitness
Bank of America
Citizens Bank
Chase Bank
Huntington National Bank
Planet Fitness
BIGGBY Coffee
Plum Market
Starbucks
freshii

Property Taxes

Property Taxes

Parcel Number
04-00154-264
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,768,038 CAD
Annual Taxes
$516,298,548 CAD ($26,169.52 CAD/SF)
Tax Year
2025
  • Listing ID: 41048024

  • Date on Market: 2026-06-24

  • Last Updated:

  • Address: 7373 3rd St, Detroit, MI 48202

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