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7700 2nd Ave
Detroit, MI 48202
Office Property For Sale


Investment Highlights
- Secure, gated on-site parking (rare for the area)
- Backup generator onsite
- Located in an Opportunity Zone
- ±15,000 SF floor plates allow for flexible tenancy and large users
- Ideal for mixed-use redevelopment or multifamily conversion
Executive Summary
7700 Second Avenue is an ±89,916 SF owner-occupied office building located in the heart of Detroit's thriving New Center district. Sitting on a 29,053 SF parcel, this well-maintained asset features ±15,000 SF floor plates, highly functional office layouts, and is currently ±75% leased-offering a unique opportunity for an owner-user to occupy a portion while benefiting from in-place income.
The property's surrounding area is seeing redevelopment and investment as exemplified by the $3 billion Future of Health development plan that includes new Henry Ford Hospital facilities, a Michigan State University medical research center, and over 600 units of new mixed income housing. The property is also located adjacent to a major employment center in New Center and educational and institutional anchors like the College of Creative Studies and Wayne State University. The property has immediate access to major expressways, including M-10, I-75, and I94 and is in walking distance to countless attractions and amenities.
This offering also includes 13 additional parcels totaling approximately 2.98 acres-most of which are paved, striped, gated, and used for secure on-site parking.
The property's surrounding area is seeing redevelopment and investment as exemplified by the $3 billion Future of Health development plan that includes new Henry Ford Hospital facilities, a Michigan State University medical research center, and over 600 units of new mixed income housing. The property is also located adjacent to a major employment center in New Center and educational and institutional anchors like the College of Creative Studies and Wayne State University. The property has immediate access to major expressways, including M-10, I-75, and I94 and is in walking distance to countless attractions and amenities.
This offering also includes 13 additional parcels totaling approximately 2.98 acres-most of which are paved, striped, gated, and used for secure on-site parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
89,916 SF
Building Class
B
Year Built
1958
Price
$6,499,000
Price Per SF
$72.28
Percent Leased
92%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,986 SF
Slab To Slab
11’
Building FAR
1.26
Lot Size
1.64 AC
Opportunity Zone
Yes
Zoning
OS - Office Space
Parking
175 Spaces (1.94 Spaces per 1,000 SF Leased)
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