17330 Quincy StDetroit, MI 48221

Property Details for 17330 Quincy St

Year built

1929

Lot size

3.18 AC

Property size (Sq ft)

56,763 SF

Zone code

R2

Property type

Office buildings

APN

02003927.

APU

2003927

Description

This exceptional 3,500 square foot traditional office space in Detroit, Michigan, is ideally suited for charitable organizations and non-profit groups. Located at 17330 Quincy Street, 48221, this single-tenant property offers immediate occupancy starting July 1, 2024. The space is part of a beautiful historic building boasting shared amenities, adding to its appeal and functionality. The lease rate is a competitive $15.00 per square foot, full-service gross, making it a financially attractive option. Parking is readily available with 18 secured spaces on-site, providing convenience and security for tenants and their visitors. Furthermore, dedicated storage space is included, addressing potential storage needs. The property's prime location in Detroit offers easy access to various transportation routes and local services. This is a rare opportunity to secure a well-maintained, historically significant office space in a desirable location, perfectly tailored for organizations seeking a functional and aesthetically pleasing environment. The property is ready for immediate move-in, allowing for a seamless transition to your new office space.

• CAP approach

  CAP return

  Valuation

  6%

  $11,805,875

  6.5%

  $10,897,731

  7%

  $10,119,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,309,611

  Geo Method

  $5,309,611

• Alternative Use

  Use

  Valuation

  Residential

  $13,513,186

  Hospitality

  $12,378,006

  Educational

  $10,298,356

  Medical

  $10,652,532

  Retail

  $16,019,665

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.42

Longitude

-83.1385

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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