4870 Cass Ave | Detroit, MI 48201
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- LoopNet Team
4870 Cass Ave
Detroit, MI 48201
RETAIL CENTER IN HEART OF MIDTOWN/WSU · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Six-Tenant Retail Center Located in Detroit's Vibrant Midtown District
- Exterior Facade Renovations Completed in 2019
- Situated Adjacent to Wayne State University | Enrolled Student Population Exceeding 27,000
- All Tenants on Triple Net (NNN) Leases | Limited Landlord Obligations
- Leases Equipped with Rental Increases - Low Rent Basis Provides Upside in Rental Inceases
- Strategically Located in an Opportunity Zone | Potential Tax Advantages for Prospective Buyers
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
10,164 SF
Building Class
B
Year Built
1966
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.32 AC
Zoning
C
Parking
12 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 02-002128 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,245,300 |
PROPERTY TAXES
Parcel Number
02-002128
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,245,300
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