1407 Randolph StDetroit, MI 48226

  • Commercial real estate
  • 12,996 SF
For Lease
$18.50/SF/YR View listing

Property Details for 1407 Randolph St

Year built
1908
Lot size
0.14 AC
Property size (Sq ft)
12,996 SF
Property type
Commercial real estate
APN
01003948-9
APU
10039489

Description

This unique 2,900 square foot creative office space is ideally situated in the heart of downtown Detroit. Located in a three-story, 20,000 square foot building constructed in 1906 and extensively renovated in 2022, this property offers a blend of historic charm and modern amenities. The space is immediately available and represents the entire vacant portion of the building. The building features one elevator for convenient access to all three floors. Its B4 zoning allows for a variety of commercial uses. The location provides unparalleled walkability to numerous office buildings, retail establishments, and entertainment venues. Enjoy easy access to major attractions such as Ford Field, Comerica Park, the Detroit Athletic Club, the Theater District, and Greektown Casino. Commuting is also a breeze with close proximity to I-75, I-375, and M-10. Building amenities include an upscale bar/lounge, and a new restaurant is slated to open in the fall of 2024. The cross street is Gratiot. This is a rare opportunity to secure a prime downtown Detroit office space with exceptional accessibility and a vibrant surrounding environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,676,087
    Hospitality
    $2,451,282
    Educational
    $2,039,437
    Medical
    $2,109,577
    Retail
    $3,172,458

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3354
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
2023
-
-
-
$341,300
-
-
-
$682,600

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