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26473614
26473615

7700 2nd Ave, Detroit, MI 48202

BS
MI MI 6502390020
Summit Commercial LLC
Listed by Summit Commercial LLC
$6,499,000
289 days on market
Updated 10 days ago
Opportunity zone

High Profile New Center Office Building

Details
APN 02001153-5
Property Type Office
Sub Type Traditional Office
Square Footage 89,916
Net Rentable (SqFt) 76,000
Occupancy 70%
Tenancy Multi
Lease Type Modified
Price per SqFt $87
Class B
Year Built 1958
Year Renovated mid 2000s
Buildings 1
Stories 6
Acreage 2.980
Zoning B2
Investment Type Stabilized

7700 2nd Ave. is a ±90,000 SF owner-occupied office building located in Detroit’s New Center Area

Marketing description

  • 7700 Second Avenue is an ±89,916 SF owner-occupied office building located in the heart of Detroit’s thriving New Center district. Sitting on a 29,053 SF parcel, this well-maintained asset features ±15,000 SF floor plates, highly functional office layouts, and is currently ±75% leased—offering a unique opportunity for an owner-user to occupy a portion while benefiting from in-place income.

  • The property’s surrounding area is seeing redevelopment and investment as exemplified by the $3 billion Future of Health development plan that includes new Henry Ford Hospital facilities, a Michigan State University medical research center, and over 600 units of new mixed income housing.

  • The property is also located adjacent to a major employment center in New Center and educational and institutional anchors like the College of Creative Studies and Wayne State University.

  • The property has immediate access to major expressways, including M-10, I-75, and I-94 and is in walking distance to countless attractions and amenities.

  • This offering also includes 13 additional parcels totaling approximately 2.98 acres—most of which are paved, striped, gated, and used for secure on-site parking.

  • For additional information please see enclosed marketing package. Please email Ben Smith at [email protected] with any questions.

Interested parties must provide proof of financial wherewithal and execute a NDA before any walkthroughs or financial and/or tenant related information is released.

Neither Summit Commercial., nor any of their respective directors, officers, agents or affiliates have made any representation or warranty, expressed or implied, as to the accuracy or completeness of any materials, confidential or otherwise or any of its contents provided herein. No legal commitment or obligations shall arise by reason of these materials or its contents.

Investment highlights

Investment Highlights:

  • ±90,000 SF exceptional office building with flexible floor plates

  • ±75% leased with stable cash flow for an owner-user or investor

  • 13 additional parcels ideal for future development or expanded parking

  • Walking distance to Fisher Building, New Center One, and the Q-Line Light Rail

  • Easy access to M-10, I-75, and I-94

  • Surrounded by institutional anchors: Wayne State, Henry Ford Hospital, College for Creative Studies

  • Part of the $3B Future of Health development plan driving major area investment

Key Property Features:

  • Secure, gated on-site parking (rare for the area)

  • ±15,000 SF floor plates allow for flexible tenancy and large users

  • Backup generator onsite

  • Ideal for mixed-use redevelopment or multi-family conversion

  • Located in an Opportunity Zone (verify)

Neighborhood Amenities & Proximity:

  • Retail: Orange Theory, McDonald's, KFC, Subway, Virginia Park Community Plaza

  • Institutional: Wayne State University, Henry Ford Hospital, State of MI Cadillac Place

  • Attractions: Motown Museum, Detroit Children's Museum, Detroit Public Library

  • Transit: Walkable to Q-Line M1 Rail, Amtrak Station

  • For additional information please see enclosed marketing package. Please email Ben Smith at [email protected] with any questions.

Neither Summit Commercial., nor any of their respective directors, officers, agents or affiliates have made any representation or warranty, expressed or implied, as to the accuracy or completeness of any materials, confidential or otherwise or any of its contents provided herein. No legal commitment or obligations shall arise by reason of these materials or its contents.

Listing Contacts

BS
MI MI 6502390020
Summit Commercial LLC
Listed by Summit Commercial LLC

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Additional Information

Name
Benjamin Smith
License
MI 6502390020
Brokerage
Summit Commercial
Brokerage Phone
2487981075
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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