556-560 Custer St 45,000 SF 100% Leased Industrial Building Detroit, MI 48202 $3,468,650 CAD ($77.08 CAD/SF) 2.72% 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

Price $3,468,650 CAD
Price Per SF $77.08 CAD
Sale Type Investment or Owner User
Cap Rate 2.72%
Sale Conditions
1031 Exchange
  • Sale Leaseback
  • Bulk/Portfolio Sale
  • Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 1.35 AC
Rentable Building Area 45,000 SF
No. Stories 2
Year Built 1950
Clear Ceiling Height 12’
No. Drive In / Grade-Level Doors 3
Opportunity Zone Yes
Zoning R3 - R3

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Spectrum Boutique
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Spectrum Boutique Retailer - - -
Walk Score®
Very Walkable (71)

PROPERTY TAXES

  • Listing ID: 35267595

  • Date on Market: 2025-03-26

  • Last Updated:

  • Address: 556-560 Custer St, Detroit, MI 48202