1452 Randolph StDetroit, MI 48226

For Lease
  • Commercial real estate
  • 0.09 AC

Property Details for 1452 Randolph St

Lot size
0.09 AC
Zone code
B4
Property type
Commercial real estate
APN
23031500.34F
APU
2303150034F

Description

This exceptional restaurant space, located at 1452 Randolph Street in Detroit, Michigan, presents a unique opportunity for a discerning business. The property, situated on a 0.18-acre lot, boasts a total of 7,971 square feet across three stories within a historic building constructed in 1840. Currently, 5,300 square feet of prime retail space is available for lease, perfect for a restaurant or similar establishment. The building features 38 parking spaces, a significant advantage in a bustling urban setting, and includes elevators for convenient access to all three floors. The property is zoned B4, allowing for a variety of commercial uses. Its strategic location on Randolph Street, near Centre Street, ensures high visibility and accessibility. Large windows provide ample natural light, creating an inviting atmosphere. The high ceilings contribute to a spacious and airy feel, ideal for creating a memorable dining experience. This property offers a blend of historical charm and modern convenience, making it an exceptional opportunity to establish or expand a thriving business in the heart of Detroit's vibrant downtown area. The zip code is 48226.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $844,256
    Hospitality
    $773,334
    Educational
    $643,405
    Medical
    $665,533
    Retail
    $1,000,852
1452 Randolph St, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.336
Longitude
-83.0456
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$13,443
-
-
$150,400
-
-
-
$300,800

FAQs

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