426 Clinton StDetroit, MI 48226

Property Details for 426 Clinton St

Year built

1916

Lot size

0.27 AC

Property size (Sq ft)

58,275 SF

Zone code

B4

Property type

Office buildings

APN

01000217.

APU

1000217

Description

The Tremonti Building, a stunning five-story structure at 426 Clinton St, Detroit, MI 48226, presents a unique opportunity for lease. This 69,744 square foot building, built in 1916, boasts a rich history and sits on a substantial 2.7 acres of land. Currently, the entire building is available for lease, offering flexibility for a single large tenant or the potential for multiple tenants. The property is zoned as Commercial Renaissance Zone, providing potential tax advantages. Its architectural style lends itself to both traditional and creative office spaces, making it suitable for a wide range of businesses. The building's substantial size and prime location in Wayne County, within the vibrant city of Detroit, offer unparalleled visibility and accessibility. The property's APN is 01-000217. This is a rare chance to secure a landmark building in a rapidly developing area, offering a blend of historical charm and modern functionality. The building's multiple tenancy option allows for customization to suit various business needs and sizes. The significant square footage provides ample space for expansion and growth. This is an exceptional opportunity to establish a presence in a revitalized Detroit neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $10,483,668

  6.5%

  $9,677,232

  7%

  $8,986,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,451,044

  Geo Method

  $5,451,044

• Alternative Use

  Use

  Valuation

  Residential

  $11,999,767

  Hospitality

  $10,991,723

  Educational

  $9,144,984

  Medical

  $9,459,494

  Retail

  $14,225,531

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3358

Longitude

-83.044

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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