644 Selden StDetroit, MI 48201

  • Other commercial real estate
  • 18,655 SF
For Lease

Property Details for 644 Selden St

Year built
1927
Lot size
0.24 AC
Property size (Sq ft)
18,655 SF
Zone code
SD2
Property type
Other commercial real estate
APN
04000777.
APU
4000777

Description

This exceptional mixed-use development, located on Selden Street in vibrant Midtown Detroit, offers a unique investment opportunity. The property comprises two buildings totaling 30,701 square feet, constructed in 1927 and extensively renovated in 2018. The buildings boast three stories and sit on a 0.59-acre lot, zoned SD2 in Wayne County. Multiple tenancy options are available, with spaces ranging from a minimum of 2,290 square feet to a maximum contiguous space of 7,589 square feet. Currently, 9,879 square feet are vacant. One building features an immaculate, turn-key restaurant space complete with fixtures, furniture, equipment, and a liquor license, offering 7,589 square feet. The second building offers a 2,290 square foot full brewing facility with a tap room. These spaces can be combined for a total of 9,879 square feet of contiguous space. This prime location in Midtown Detroit provides unparalleled access to a thriving community and offers significant potential for a variety of restaurant and bar concepts. The property's recent renovation ensures modern amenities and functionality, making it an ideal investment for discerning buyers seeking a turn-key operation or a blank canvas for a new venture. The property's history and location combine to create a truly unique and attractive opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,441,070
    Hospitality
    $4,067,997
    Educational
    $3,384,526
    Medical
    $3,500,925
    Retail
    $5,264,818
644 Selden St, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3475
Longitude
-83.0656
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
$3,518
-
-
$223,500
-
-
-
$447,000

FAQs

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