440 Clinton St
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440 Clinton St
16,664 SF 40% Leased Office Building Detroit, MI 48226 $2,000,000 ($120/SF)
Investment Highlights
- Area has a Significant Development Pipeline
- Walkable – Near Sports Venues, Casino/Hotel, Shopping & Restaurants
- Rehab Ready Upper Floors
- Historical Façade can be Rejuvenated to Restore Original Charm
- Located Near I-375 and Gratiot Avenue
- Operating Restaurant on Main Floor
Executive Summary
NAI Farbman is pleased to present the opportunity to acquire 428 Clinton Street located within the Entertainment district of Downtown Detroit. The location is walkable from the Stadium District, Greektown and Campus Martius, making this an ideal hospitality asset. The location sits in the path of significant developments happening upon the former jail site to the east and a new multifamily apartment development next door to the west.
The first floor is home to the ever-popular Harbor House restaurant. The upper two floors remain a blank slate to be converted to their highest and best use by the next owner.
*Please open flyer to view the Offering Memorandum
The first floor is home to the ever-popular Harbor House restaurant. The upper two floors remain a blank slate to be converted to their highest and best use by the next owner.
*Please open flyer to view the Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
16,664 SF
Building Class
C
Year Built/Renovated
1870/1970
Price
$2,000,000
Price Per SF
$120
Percent Leased
40%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,664 SF
Slab To Slab
11’
Building FAR
2.99
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
B5
Amenities
- Bus Line
- Commuter Rail
- Restaurant
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Number | 01-000216 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,876,400 |
PROPERTY TAXES
Parcel Number
01-000216
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,876,400
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440 Clinton St
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