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Redevelopment - 3939 3rd St. 3939 3rd St 5,393 SF Vacant Retail Building Detroit, MI 48201 $249,000 ($46.17/SF)
Executive Summary
Located on 3rd Street between Selden and Alexandrine in Midtown, this 5,393-square-foot redevelopment opportunity offers exceptional visibility and walkability in one of Detroit’s most vibrant neighborhoods. Zoned B4, the property accommodates a wide range of commercial uses and is located within steps of Little Caesars Arena, Selden Standard, Honest John’s, SheWolf, and Mad Nice. Surrounded by substantial revitalization and investment, it represents a rare opportunity for flexible development in the heart of Detroit’s cultural and culinary district.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,393 SF
Building Class
C
Year Built
1915
Price
$249,000
Price Per SF
$46.17
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
SD1 - Commercial Zoned District
Parking
10 Spaces (1.85 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-003544 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $167,600 |
Property Taxes
Parcel Number
04-003544
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$167,600
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Photos
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Map
Contact the Sale Advisor
Redevelopment - 3939 3rd St. | 3939 3rd St