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14061 Lappin St
Detroit, MI 48205
Office Property For Sale
PROPERTY FACTS
ABOUT 14061 LAPPIN ST , DETROIT, MI 48205
High-Yield Office | 11+ Yrs | Govt-Backed Tenant Stan Johnson Company, on behalf of ownership, is pleased to announce the exclusive offering of a 100% fee simple interest in the commercial property located at 14061 Lappin Street in Detroit, Michigan ( The Property ). The Property consists of a 36,520 SF office building situated on approximately 2.0 acres of land along with a 0.68 acre adjacent lot currently being used for parking. The Property is leased to the State of Michigan, and is occupied by the Michigan Department of Health & Human Services (MDHHS). MDHHS is operating under a NN lease with over eleven (11) years of lease term remaining and features attractive rental escalations throughout the remaining lease term. The Property is located on a spacious lot in a dense retail corridor surrounded by several residential neighborhoods. The Property includes a primary parking lot, as well as an additional adjacent parking lot, providing a combined total 200 parking spaces. Less than 10 miles from downtown Detroit, the neighborhood features 383,377 residents and an average household income of $54K+ within a 5-mile radius of the site.
PROPERTY TAXES
| Parcel Number | 21-02925-263 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,188,200 |
PROPERTY TAXES
