1200 6Th StDetroit, MI 48226

Property Details for 1200 6Th St

Year built

1972

Lot size

2.76 AC

Property size (Sq ft)

586,472 SF

Zone code

B5

Property type

Office properties

Property subtype

Office buildings

APN

06004554-62

APU

600455462

Description

This exceptional redevelopment opportunity in Detroit, MI encompasses three buildings totaling 612,924 square feet on a 9.56-acre lot. Located at 1200 Sixth St, 1240 Abbott St, 1245 Abbott St, 1250 Howard St, and 1259 Howard St, this vacant property offers stunning Detroit skyline views and high visibility. Built in 1966 and 1971, the property consists of three buildings with 21 stories and four parking pads. The site's prime location at the edge of Corktown and the Central Business District presents a unique chance to create a mixed-use development, potentially incorporating apartments, a hotel, office space, and street-level retail. The property's size and location make it an ideal investment for large-scale redevelopment projects. The property is currently vacant, with the occupancy date listed as February 14, 2022. This is a rare chance to acquire a significant assemblage in a rapidly developing area of Detroit. The property is zoned for mixed-use development and offers significant potential for future growth and appreciation. The property includes four separate parcels, offering flexibility for development.

• CAP approach

  CAP return

  Valuation

  6%

  $105,506,264

  6.5%

  $97,390,400

  7%

  $90,433,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,858,592

  Geo Method

  $54,858,592

• Alternative Use

  Use

  Valuation

  Residential

  $120,764,096

  Hospitality

  $110,619,264

  Educational

  $92,033,928

  Medical

  $95,199,112

  Retail

  $143,163,888

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3288

Longitude

-83.0594

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].