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15 E Kirby St - Park Shelton Building 21,042 SF Retail Condo Unit Offered at $3,950,000 in Detroit, MI 48202



INVESTMENT HIGHLIGHTS
- Historic & Iconic Architecture: Built in 1926 and listed on the National Register of Historic Places
PROPERTY FACTS
| Total Building Size | 228,000 SF | Typical Floor Size | 19,000 SF |
| Property Type | Multifamily (Condo) | Year Built | 1926 |
| Property Subtype | Apartment | Lot Size | 1.34 AC |
| Building Class | B | Parking Ratio | 12.55/1,000 SF |
| Floors | 12 | Opportunity Zone |
Yes
|
| Zoning | B-4 | ||
| Total Building Size | 228,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 12 |
| Typical Floor Size | 19,000 SF |
| Year Built | 1926 |
| Lot Size | 1.34 AC |
| Parking Ratio | 12.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Storage Space
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Sauna
- Security System
- Gated
- Doorman
- Roof Terrace
- Maintenance on site
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 21,042 SF | Sale Type | Investment |
| Price | $3,950,000 | Cap Rate | 9.25% |
| Price Per SF | $187.72 | NOI | $365,375 |
| Condo Use | Retail |
| Unit Size | 21,042 SF |
| Price | $3,950,000 |
| Price Per SF | $187.72 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 9.25% |
| NOI | $365,375 |
DESCRIPTION
±21,042 SF of Ground Floor Retail: Four commercial units along Woodward Avenue in Midtown Detroit’s cultural core
SALE NOTES
84% Leased to Premier Local Operators: Strong tenant roster made up of a combination of local eateries, cultural arts, boutique shopping, and professional services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 188 | - | 575 - 860 |
| 2+2 | 40 | - | 1,600 - 1,667 |
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (94)
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15 E Kirby St - Park Shelton Building
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