4120 2nd Ave | Detroit, MI 48201
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- LoopNet Team
4120 2nd Ave
Detroit, MI 48201
Mad Nice · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment opportunity - purchase real estate with approximately 8 years of lease term remaining with Mad Nice as Tenant.
- Passive investment. Tenant maintains building interior and exterior, including CAM.
- Two blocks from $14 million mixed use development – 57 apartments – Target date – 2025.
- Nearly $2 million building renovation and remodel completed by tenant in 2022.
- Approximately 8 years remaining on current lease term with four 5-year options.
- Five blocks from proposed 16-story apartment and six-story mixed-use development at Woodward and Mack Avenue.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,250 SF
Building Class
C
Year Built/Renovated
1950/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.35 AC
Zoning
Commercial - Commercial
Parking
16 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
151’ on 2nd Ave
PROPERTY TAXES
| Parcel Number | 02-002364 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $301,600 |
PROPERTY TAXES
Parcel Number
02-002364
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$301,600
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