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1468 Adelaide St 21,309 SF 25% Leased Retail Building Detroit, MI 48207 $3,425,000 ($160.73/SF)
EXECUTIVE SUMMARY
Located in the heart of Detroit’s historic Eastern Market, 1468 Adelaide Street occupies one of the neighborhood’s most visible corners. This two-story, 21,309-square-foot mixed-use property is anchored by Farmer Frank’s restaurant. With nearly 20,000 square feet of vacant space, the property offers exceptional potential to be reimagined for future businesses. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,309 SF
Building Class
C
Year Built
1916
Price
$3,425,000
Price Per SF
$160.73
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.99
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
MKT - Commercial Zoned District
Frontage
AMENITIES
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Farmers Restaurant
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Farmers Restaurant | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-000836 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $974,600 |
PROPERTY TAXES
Parcel Number
07-000836
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$974,600
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1468 Adelaide St
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