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2424 Michigan Ave 3,000 SF 100% Leased Retail Building Detroit, MI 48216 $770,000 ($256.67/SF)
Executive Summary
This 3,000-square-foot commercial building occupies a 0.292-acre site (12,719 square feet) along Michigan Avenue in Corktown. The property offers a compelling opportunity for an owner-user, investor, or developer seeking frontage on one of the city’s most heavily traveled corridors. In addition to the existing building, the offering includes a billboard, which provides supplemental income potential and added visibility. The sale includes 2400, 2410, and 2424 Michigan Avenue, creating a larger footprint in a neighborhood experiencing significant growth and investment. Neighbors: Michigan Central Station, Ford Motor Company, Level 3 Communications, Southwest Greenway, Honeybee Market, Airspace Link, Ford Motor Co.’s Book Depository, New Lab Michigan Central, Detroit Bus Company, IMA, Slows BBQ, Metropolis Cycles, Mercury Burger Bar, Grandma Bob’s, Corktown Health Center, Detroit Public Safety Academy and UPS Detroit International Import Hub
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,000 SF
Year Built
1949
Price
$770,000
Price Per SF
$256.67
Percent Leased
100%
Building Height
1 Story
Building FAR
0.24
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
B4
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Nearby Major Retailers
1 of 7
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2424 Michigan Ave
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