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450 W Fort St
Detroit, MI 48226

Mercier Building | Urban Core Mixed-Use · Office Property For Sale

Office Space Michigan Detroit 450 W Fort St, Detroit, MI 48226

Investment Highlights

  • Anchor Bar Has Been Tenant Since 1959
  • Located within a short walking distance to prominent Detroit Landmarks, such as, Campus Marcius, Office Buildings, Comerica Park, & Ford Field
  • Lower-Level Storage

Executive Summary

A commercial space that offers a prime location and historic charm. This historic property has been a beloved landmark in the area since 1959, and it's fully occupied with a diverse mix of tenants.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
17,901 SF
Building Class
C
Year Built
1927
Price
$3,510,000
Price Per SF
$196
Cap Rate
9.01%
NOI
$316,380
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,951 SF
Building FAR
0.58
Lot Size
0.71 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B5 - Major Business District
Parking
72 Spaces (4.02 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Air Conditioning

PROPERTY TAXES

Parcel Number 02-000179 Improvements Assessment $0
Land Assessment $0 Total Assessment $954,100

PROPERTY TAXES

Parcel Number
02-000179
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$954,100
 

  • Listing ID: 29821710

  • Date on Market: 10/18/2023

  • Last Updated:

  • Address: 450 W Fort St, Detroit, MI 48226

More public record information on 450 W Fort St, Detroit, MI 48226

The Office Property at 450 W Fort St, Detroit, MI 48226 is currently available for sale. Contact Jonna Group for more information.

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