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189-191 Townsend St 18,000 SF 100% Leased Retail Building Birmingham, MI 48009 For Sale



INVESTMENT HIGHLIGHTS
- 18,000 SF Office/Retail Building For Sale
- Located at the Corner of Townsend and Henrietta Streets
- 3-Story Mixed Use Development
- Tenant Mix Comprised of a Mix of Commercial/Retail and General Office Tenants
EXECUTIVE SUMMARY
189-191 Townsend is a 3-story mixed-use development encompassing approximately 18,000 square feet in Birmingham, Michigan. The Townsend Building boasts one of the most premier downtown locations in Michigan. Located at the corner of Townsend and Henrietta Streets, the building is situated within walking distance to The Townsend Hotel, Shain Park, municipal parking, and not to mention world-class shopping and dining establishments. The building’s tenant mix is comprised of a mix of commercial/retail and general office tenants on all three above grade levels plus a finished lower level.
Antonio Salon and Spa is the main floor tenant. The upper floors are occupied by Greenwich Capital and a mix of smaller tenants. Originally built in 1968, the Townsend Building has been immaculately maintained and professionally managed. Although the current tenant mix is stable, the possibility of redeveloping the property in the future poses excellent upside potential for a new owner.
Antonio Salon and Spa is the main floor tenant. The upper floors are occupied by Greenwich Capital and a mix of smaller tenants. Originally built in 1968, the Townsend Building has been immaculately maintained and professionally managed. Although the current tenant mix is stable, the possibility of redeveloping the property in the future poses excellent upside potential for a new owner.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,000 SF
Building Class
C
Year Built
1968
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
3.76
Lot Size
0.11 AC
Zoning
BI
Frontage
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-36-138-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,189,560 |
PROPERTY TAXES
Parcel Number
19-36-138-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,189,560
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189-191 Townsend St
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