450 Fort StDetroit, MI 48226

Property Details for 450 Fort St

Year built

1927

Lot size

0.17 AC

Property size (Sq ft)

12,587 SF

Zone code

PCA

Property type

Retail space

APN

02000179.

APU

2000179

Description

This exceptional executive office space, located at 450 West Fort Street in Detroit, Michigan, offers 4,957 square feet of immediately available space within a larger 17,901 square foot building. Situated on a 0.71-acre lot, this property boasts a prime location in Wayne County, with the address 450 W Fort St, Detroit, MI 48226. Built in 1927, the building is zoned PCA and has the APN 02-000179. The property is designated as an Executive Office and is currently available for lease as multiple tenancies. The building's classic architecture offers a unique and prestigious setting for businesses seeking a sophisticated and established address. The available space presents a significant opportunity for companies looking to establish or expand their presence in the heart of Detroit. The ample square footage allows for flexible configurations to suit various business needs. This is an excellent opportunity to secure a prominent location in a thriving urban environment. The property's convenient location offers easy access to major transportation routes and a wealth of amenities. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $3,328,668

  6.5%

  $3,072,617

  7%

  $2,853,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,967,018

  Geo Method

  $2,967,018

• Alternative Use

  Use

  Valuation

  Residential

  $2,591,868

  Hospitality

  $2,374,136

  Educational

  $1,975,254

  Medical

  $2,043,186

  Retail

  $3,072,617

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3292

Longitude

-83.0518

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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