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Mercier Building | Urban Core Mixed-Use 450 W Fort St

17,901 SF 72% Leased Office Building Detroit, MI 48226 £2,746,400 (£153/SF) 9.01% Net Initial Yield

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Investment Highlights

Anchor Bar Has Been Tenant Since 1959
Located within a short walking distance to prominent Detroit Landmarks, such as, Campus Marcius, Office Buildings, Comerica Park, & Ford Field

Lower-Level Storage

Executive Summary

A commercial space that offers a prime location and historic charm. This historic property has been a beloved landmark in the area since 1959, and it's fully occupied with a diverse mix of tenants.

Property Facts

Sale Type

Investment NNN

Property Type

Office

Building Size

17,901 SF

Building Class

Year Built

1927

Price

£2,746,400

Price Per SF

£153

Net Initial Yield

9.01%

NOI

£247,552

Percent Leased

72%

Tenancy

Multiple

Number of Floors

Typical Floor Size

8,951 SF

Building FAR

0.58

Lot Size

0.71 AC

Opportunity Zone

Yes

Zoning

B5 - Major Business District

Parking

72 Spaces (4.02 Spaces per 1,000 SF Leased)

Amenities

Kitchen

Air Conditioning

Space Availability

2nd Floor
4,957 SF
Office
Full Build-Out
Now

1/2

450 W Fort St, Detroit, MI for sale Floor Plan- Image 1 of 2 — Floor Plan

450 W Fort St, Detroit, MI for sale Floor Plan- Image 2 of 2 — Floor Plan

4,957 SF of Move-In Ready, Upscale, and Modern Office Space.

Space	Size	Space Use	Condition	Available
2nd Floor	4,957 SF	Office	Full Build-Out	Now

Size

4,957 SF

Space Use

Office

Condition

Full Build-Out

Available

Now

1 of 2

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/2

1 of 1

Walk Score ®

Walker's Paradise (92)

Transit Score ®

Excellent Transit (85)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	02-000179	Improvements Assessment	£0
Land Assessment	£0	Total Assessment	£746,536

PROPERTY TAXES

Parcel Number

02-000179

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£746,536

(248) 226-1610

Contacts

Simon Jonna
Raymond Jonna
Arthur Itkis
Jonna Group

Listing ID: 29821710
Date on Market: 18/10/2023
Last Updated:
Address: 450 W Fort St, Detroit, MI 48226

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