1350 Division St
15,200 SF Vacant Retail Building Detroit, MI 48207 $1,495,000 ($98.36/SF)
INVESTMENT HIGHLIGHTS
- Division is a two story brick redevelopment opportunity.
EXECUTIVE SUMMARY
Located in the heart of Eastern Market, just steps from Russell Street, 1350 Division is a two-story brick redevelopment opportunity built in 1926. This property offers versatile opportunities for an owner-operator or developer--with potential for up to four ground-floor retail spaces and four to eight residential or creative office units on the second floor. The property is located within an Opportunity Zone and has secure onsite parking.
Neighbors include: Eastern Market, Supino Pizza, Trinosophes, People's Records, Vivio's Food & Spirits, Detroit City Distillery, Cairo Coffee, Motown Bistro, Bert's Marketplace, Detroit Hustles Harder, Eastern Market Brewing, Germack, Beyond Juicery, Collect Beer Bar, Bunny Bunny.
Neighbors include: Eastern Market, Supino Pizza, Trinosophes, People's Records, Vivio's Food & Spirits, Detroit City Distillery, Cairo Coffee, Motown Bistro, Bert's Marketplace, Detroit Hustles Harder, Eastern Market Brewing, Germack, Beyond Juicery, Collect Beer Bar, Bunny Bunny.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
15,200 SF
Building Class
C
Year Built
1926
Price
$1,495,000
Price Per SF
$98.36
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
B6
Parking
12 Spaces (0.79 Spaces per 1,000 SF Leased)
Frontage
93’ on Division St
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $143,700 |
