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Faits saillants de l'investissement
- 21,400 SF School Building / 6,600 SF Church
- Immediate proximity to Clark Park / Walkable neighborhood environment
- Strategic Southwest Detroit Location
- R2 Zoning District / “Build More Housing” initiative
- Access to I-75 (Fisher Freeway) / Public transportation accessibility
- Historic Character & Architectural Appeal / Durable Existing Construction
Résumé de l'annonce
McKinstry Campus Portfolio
1444 & 1450 McKinstry Street | Detroit, Michigan
Adaptive Reuse / Redevelopment Opportunity
________________________________________
NAI Farbman is pleased to offer the potential acquisition of the McKinstry Campus Portfolio located at 1444 and 1450 McKinstry Street, Detroit, Michigan (the “Property” or “Portfolio”).
EXECUTIVE SUMMARY
Rare Adaptive Reuse Campus in Southwest Detroit
The McKinstry Campus Portfolio presents a rare opportunity to acquire a historic institutional campus in the heart of Southwest Detroit’s vibrant Latino community. The offering consists of two architecturally significant buildings totaling approximately 28,000 square feet situated on approximately 0.60 acres within a Qualified Opportunity Zone.
The Portfolio includes:
Property Address Approx. SF Use
School Building 1450 McKinstry St 21,400 SF Former School
Church Building 1444 McKinstry St 6,600 SF Former Church
The campus benefits from strategic proximity to Clark Park, major transportation corridors including I-75 (Fisher Freeway), strong pedestrian activity, and an established neighborhood identity. The properties are located within an R2 zoning district aligned with Detroit’s broader “Build More Housing” initiative, potentially supporting a range of adaptive reuse and redevelopment concepts.
The existing structures provide immediate value through their historic character, flexible layouts, durable brick construction, and ability to support phased redevelopment strategies.
________________________________________
INVESTMENT HIGHLIGHTS
• Institutional-Scale Urban Campus
o Rare opportunity to acquire an approximately 28,000 SF multi-building campus in a dense urban neighborhood with significant adaptive reuse potential.
• Qualified Opportunity Zone Location
o The Property resides within a federally designated Qualified Opportunity Zone, potentially offering substantial tax advantages to investors and developers.
• Flexible Redevelopment Potential
o The campus configuration supports multiple redevelopment scenarios including residential conversion, mixed-use redevelopment, educational reuse, nonprofit occupancy, arts and cultural programming, or event-driven concepts.
• Strategic Southwest Detroit Location
o Situated in the center of Detroit’s established Latino community near Clark Park, the Property benefits from strong neighborhood identity, active pedestrian traffic, and excellent connectivity.
• Historic Character & Architectural Appeal
o The church features stained glass, historic detailing, and sanctuary architecture, while the school building contains unique amenities including an auditorium, stage, and lower-level bowling alley.
• Durable Existing Construction
o The buildings appear structurally sound with limited tuckpointing needs and substantial masonry construction supporting long-term durability.
• Phased Redevelopment Opportunity
o The dual-building campus allows users or developers to reposition the assets incrementally, reducing redevelopment execution risk.
OFFERING SUMMARY
Item Details
Portfolio Price $975,000
School Building Price $650,000
Church Building Price $400,000
Offering Type Portfolio Sale Preferred
Alternative Structure Individual Asset Sales Considered
Lease Rate Guidance Approx. $7.00/SF Gross
Zoning R2 District
Opportunity Zone Yes
Buildings 2
Total Building Area Approx. 28,200 SF
Site Area Approx. 0.60 Acres
1444 & 1450 McKinstry Street | Detroit, Michigan
Adaptive Reuse / Redevelopment Opportunity
________________________________________
NAI Farbman is pleased to offer the potential acquisition of the McKinstry Campus Portfolio located at 1444 and 1450 McKinstry Street, Detroit, Michigan (the “Property” or “Portfolio”).
EXECUTIVE SUMMARY
Rare Adaptive Reuse Campus in Southwest Detroit
The McKinstry Campus Portfolio presents a rare opportunity to acquire a historic institutional campus in the heart of Southwest Detroit’s vibrant Latino community. The offering consists of two architecturally significant buildings totaling approximately 28,000 square feet situated on approximately 0.60 acres within a Qualified Opportunity Zone.
The Portfolio includes:
Property Address Approx. SF Use
School Building 1450 McKinstry St 21,400 SF Former School
Church Building 1444 McKinstry St 6,600 SF Former Church
The campus benefits from strategic proximity to Clark Park, major transportation corridors including I-75 (Fisher Freeway), strong pedestrian activity, and an established neighborhood identity. The properties are located within an R2 zoning district aligned with Detroit’s broader “Build More Housing” initiative, potentially supporting a range of adaptive reuse and redevelopment concepts.
The existing structures provide immediate value through their historic character, flexible layouts, durable brick construction, and ability to support phased redevelopment strategies.
________________________________________
INVESTMENT HIGHLIGHTS
• Institutional-Scale Urban Campus
o Rare opportunity to acquire an approximately 28,000 SF multi-building campus in a dense urban neighborhood with significant adaptive reuse potential.
• Qualified Opportunity Zone Location
o The Property resides within a federally designated Qualified Opportunity Zone, potentially offering substantial tax advantages to investors and developers.
• Flexible Redevelopment Potential
o The campus configuration supports multiple redevelopment scenarios including residential conversion, mixed-use redevelopment, educational reuse, nonprofit occupancy, arts and cultural programming, or event-driven concepts.
• Strategic Southwest Detroit Location
o Situated in the center of Detroit’s established Latino community near Clark Park, the Property benefits from strong neighborhood identity, active pedestrian traffic, and excellent connectivity.
• Historic Character & Architectural Appeal
o The church features stained glass, historic detailing, and sanctuary architecture, while the school building contains unique amenities including an auditorium, stage, and lower-level bowling alley.
• Durable Existing Construction
o The buildings appear structurally sound with limited tuckpointing needs and substantial masonry construction supporting long-term durability.
• Phased Redevelopment Opportunity
o The dual-building campus allows users or developers to reposition the assets incrementally, reducing redevelopment execution risk.
OFFERING SUMMARY
Item Details
Portfolio Price $975,000
School Building Price $650,000
Church Building Price $400,000
Offering Type Portfolio Sale Preferred
Alternative Structure Individual Asset Sales Considered
Lease Rate Guidance Approx. $7.00/SF Gross
Zoning R2 District
Opportunity Zone Yes
Buildings 2
Total Building Area Approx. 28,200 SF
Site Area Approx. 0.60 Acres
Faits sur la propriété
| Prix | 1 388 137 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 49,22 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 28 200 pi² |
| Statut | Actif | Superficie totale du terrain | 1,20 AC |
| Prix | 1 388 137 $ CAD |
| Prix/pi² | 49,22 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 28 200 pi² |
| Superficie totale du terrain | 1,20 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Bethlehem Lutheran School
1450 McKinstry St, Detroit, MI 48209 |
Spécialité | 21 400 pi² | 1941 | - |
|
Bethlehem Lutheran Church
1444 McKinstry St, Detroit, MI 48209 |
Spécialité | 6 800 pi² | 1887 | - |
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1450 McKinstry St - Portfolio Sale
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