2310 Cass Ave
Detroit, MI 48201

Property tours are available on Wednesday, November 1 and Tuesday, November 7 by appointment ONLY. Please contact Rich Deptula to schedule at Richard.Deptula@freg.com or 248-848-4938. Investment Overview: Friedman Brokerage Company and Ten-X.com present the sale of The Film Exchange Building, comprised of three (3) parcels of land totaling ñ0.443 acres and an ñ83,593 SF structure containing seven (7) floors plus a basement level. The property is set at Cass Avenue and I-75 in the heart of the newly created "District Detroit", a 50-block master plan designed to house a dining, entertainment and retail development anchored by the newly constructed, $850 million Little Cesears Arena, Comerica Park and Ford Field. Buildings referred to as a film exchange building (F.E.B.) were once leased by film companies where exhibitors and theatre owners returned old films and exchanged them for new releases. The Detroit F.E.B. was at one time leased to such tenants as MGM, Warner Brothers, and Universal. The city of Detroit was known for being a very vibrant, culturally diverse and progressive city in its heyday, With over 100 movie houses, Detroit had a very rich movie-theatre history The city of Detroit was known for being a very vibrant, culturally diverse and progressive city in its heyday, With over 100 movie houses, Detroit had a very rich movie-theatre history from the 1920s-1950s, with some of the most luxurious halls in Detroit that rivaled those in New York and Chicago. This offering represents a multi-family and retail redevelopment opportunity positioned in an area of unprecedented growth and development. The B-5 zoning allows for a multitude of "by-right" uses that includes conversion to multi-family or loft-style residential use without variance. The building and adjacent parcels may be eligible for incentives provided by the Detroit Brownfield Redevelopment Authority. Investment Highlights: Conversion Opportunity - Mixed-Use Multi-family & Retail Comprised of an ñ 83,593 SF building set on ñ 0.443 acres of land (3 parcels) Asset may be eligible for incentives provided by the Detroit Brownfield Redevelopment Authority Located in the heart of the "District Detroit", a newly created 50-block arena and entertainment master-planned development Multi-family rental rates within Detroit are achieving rental rates above $2.50 PSF and still cli