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556-560 Custer St 45,000 SF 100% Leased Industrial Building Detroit, MI 48202 $1,650,000 ($36.67/SF) 5.35% Cap Rate



EXECUTIVE SUMMARY
Here is a superb, cash flowing redevelopment opportunity in Detroit’s North End. This 45k square foot, Two story building is completely overbuilt and made of concrete. You could go vertical and add more stories. Use your imagination. Excellent candidate for mixed use multi family development or condominium conversion. There is a reinforced ramp that allows for vehicles or heavy machinery to be driven to the Second floor. There is an adjacent .83 acre lot that is fenced in with a vacated alleyway that bisects the site. You can use this lot for parking, new construction or both. The North End neighborhood continues to thrive. Here is your chance to take on a big exciting project and be a part of Detroits continuing growth. Property Sold AS IS
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Spectrum Boutique
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Spectrum Boutique | Retailer | - | - | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 03-001871 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $528,600 |
PROPERTY TAXES
Parcel Number
03-001871
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$528,600
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556-560 Custer St
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