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Executive Summary

The property at 7373 Third Street offers a rare opportunity in Detroit’s highly sought-after Midtown/New Center corridor, positioned on a prominent hard corner with strong visibility and access along a major thoroughfare. Situated on approximately 0.68 acres, the site provides valuable on-site parking and flexibility in an urban infill setting. The existing building spans approximately 20,000 square feet and supports a variety of uses under B5 (General Business) zoning, including retail, showroom, office, or multi-tenant retail configurations, making it ideal for both owner-users and investors seeking repositioning or redevelopment potential. There are 2 overhead doors on the north end of the property. Full basement utilized for product storage.

Taxes & Operating Expenses (Actual - 2025)

Annual Annual Per SF
Taxes $356,002,433 $18,380.96
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes
Annual $356,002,433
Annual Per SF $18,380.96
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $356,002,433
Annual Per SF $18,380.96

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,368 SF
Building Class
C
Year Built/Renovated
1965/1987
Tenancy
Single
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
B5 - B5 zoning allows retail, office, service, and mixed-use on major corridors with flexible building and multi-tenant configurations.
Parking
41 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
201’ on 3rd St

Amenities

  • Corner Lot
  • Fenced Lot

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 19,368 SF
  • Retail
  • -
  • Jun 2026

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

Space Size Space Use Position Available
1st Floor 19,368 SF Retail - Jun 2026

1st Floor

Size
19,368 SF
Space Use
Retail
Position
-
Available
Jun 2026

1st Floor

Size 19,368 SF
Space Use Retail
Position -
Available Jun 2026

The property offers approximately 20,000 SF of versatile commercial space featuring a large open showroom layout with supporting office areas. The building can accommodate a single user or be demised for multi-tenant retail, showroom, or office configurations. Ideal for retail, specialty showroom, or creative office users seeking high-visibility space in a prominent Midtown/New Center location.

Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

Orangetheory Fitness
Bank of America
Citizens Bank
Chase Bank
Huntington National Bank
Planet Fitness
BIGGBY Coffee
Plum Market
Starbucks
freshii

Property Taxes

Property Taxes

Parcel Number
04-00154-264
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,244,300
Annual Taxes
$356,002,433 ($18,380.96/SF)
Tax Year
2025
  • Listing ID: 41048024

  • Date on Market: 6/24/2026

  • Last Updated:

  • Address: 7373 3rd St, Detroit, MI 48202

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