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4145-4161 Cass Ave
Detroit, MI 48201
Retail Property For Sale

Investment Highlights

  • Fully occupied mixed-use investment with residential and retail income.
  • Retail component is occupied by three commercial tenants.
  • Situated within a designated Opportunity Zone.
  • Six residential apartments provide established multifamily revenue.
  • Located within Detroit's Midtown neighborhood along Cass Avenue.
  • Reported NOI of $179,198 with an asking price of $1,800,000.

Executive Summary

4165 Cass Avenue presents the opportunity to acquire a fully occupied mixed-use investment property in Detroit's Midtown district. The asset combines six residential apartment units with a retail component occupied by three commercial tenants, creating multiple income streams within a single property. The property is offered at $1,800,000 and is reported to generate $179,198 in net operating income.
Positioned along Cass Avenue, the property benefits from a location within one of Detroit's most active urban neighborhoods, surrounded by a concentration of residential development, retail destinations, cultural institutions, and employment centers. Midtown serves as a key connection between Downtown Detroit, the Detroit Medical Center, Wayne State University, and numerous entertainment and business districts, supporting ongoing demand from both residents and commercial tenants.
The property's reported 100% occupancy provides immediate in-place income, while the combination of residential and retail tenancy offers diversification across asset classes. The site's SD2 zoning designation and location within a designated Opportunity Zone further contribute to its investment profile. Qualifying investments may be eligible for applicable Opportunity Zone tax benefits subject to investor circumstances and applicable regulations.
This offering presents an opportunity to acquire a stabilized urban investment property with established occupancy, mixed-use income characteristics, and exposure to one of Detroit's most recognized redevelopment corridors.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,413 SF
Building Class
C
Year Built/Renovated
1921/2011
Price
$1,800,000
Price Per SF
$157.71
Cap Rate
9.96%
NOI
$179,198
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
SD2 - Special Development District, Mixed-Use
Parking
59 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
103’ on Cass Ave

Property Taxes

Property Taxes

Parcel Number
02-0022178
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$720,900
  • Listing ID: 41566249

  • Date on Market: 8/5/2026

  • Last Updated:

  • Address: 4145-4161 Cass Ave, Detroit, MI 48201

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