Listed by Colliers - Royal Oak/Detroit, Michigan
Unpriced
5961 14th Street
Details
APN 10-005119
Property Type Retail, Multifamily
Sub Type Storefront, Medical Office
Square Footage 31,441
Tenancy Multi
Lease Type NNN
Year Built 1924
Year Renovated 2019
Buildings 1
Stories 3
Zoning Flexible
Multi-Family, Mixed Use, Retail Redevelopment
Marketing description
The property can be redevelopment for up to 50 residential apartments, with the potential to expand to 100 units by utilizing the adjacent land. Additionally, the site offers the opportunity for a mixed-use redevelopment, incorporating a retail component. Situated in an area where the City of Detroit is offering various incentives to buyers and developers, this property presents significant potential for growth and revitalization
Investment highlights
- 31,441 SF Building with 3 levels and 3 Staircases, well designed to be utilized as one use or multiple uses
- Excellent Opportunity for Multi-Family, Mixed Use, or Retail Redevelopment
- Located in a developing and growing area of Detroit, less than a mile from Henry Ford Hospital and its new $3.1 Billion Expansion.
- Many New Developments in the area, close to Downtown and Midtown
- Luxurious Historic Main Entrance
- Secured Package Room
- Fitness Center
- Yoga Area
- Meeting Area
- Full Time Residential Manager
- Wi-Fi/High Speed Internet Access in Common Area
- Spa Sauna Center
Listing Contacts
Listed by Colliers - Royal Oak/Detroit, Michigan
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
