First Independence Bank Bldg (44 W Mich Ave) 100 Michigan Ave
20,756 SF Vacant Retail Building Detroit, MI 48226 For Sale
INVESTMENT HIGHLIGHTS
- Located at the the intersection of Michigan Avenue, Griswold Street and Lafayette Boulevard.
- All the original vaults, safety deposit boxes and grand architecture are still intact and maintained within the buildings lower level.
- Ceiling Heights up to 16'.
- High visibility at the crossroads of Capital Park and The Financial District, overlooking Campus Martius and The Woodward Shopping District.
- Potential for Mixed Use, Office, Retail, Multifamily, Hospitality.
- Located in a Qualified Opportunity Zone.
EXECUTIVE SUMMARY
44 W Michigan Ave in Detroit Michigan was originally built as an eight-story renaissance revival building for The Home Savings Bank, is available for sale. This 30,000+/- SF Historical Retail building contains both a basement and sub-basement at 7,500 square feet each, and two above ground stories at 6,500 square feet each. All the original vaults, safety deposit boxes and grand architecture are still intact and maintained within the buildings lower level. Two floors of floor to ceiling windows are the features for the two above ground floors. Building naming rights available. The property is located at the the intersection of Michigan Avenue, Griswold Street and Lafayette Boulevard – at the crossroads of Capital Park and The Financial District, overlooking Campus Martius and The Woodward Shopping District.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
20,756 SF
Building Class
C
Year Built
1915
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.18
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
B5 - Downtown Business/Historical District
Frontage
79’ on Michigan Avenue
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
7,500 SF retail office on lower level.
6,400 Sf of office space available for lease.
6,400 SF office space available for lease.
| Space | Size | Space Use | Position | Available |
| Lower Level | 7,487 SF | Office/Retail | - | Now |
| 1st Floor | 6,355 SF | Office/Retail | - | Now |
| 2nd Floor | 6,345 SF | Office/Retail | - | Now |
Lower Level
| Size |
| 7,487 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 6,355 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 6,345 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-0002646 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $369,900 |
