426 Clinton StDetroit, MI 48226

For Sale
$4,300,000

Historic Detroit building, redevelopment opportunity. High potential return.

Overview

Added:
Dec 11, 2024
Days on market:
93
The Tremonti Building, a 69,700 square foot mixed-use property located at 426 Clinton St, Detroit, MI 48226, presents a compelling redevelopment opportunity. This five-story, 1916 Albert Kahn-designed building sits on a 0.27-acre lot (APN 01-000217) and is currently 44% occupied. Zoned for Commercial Renaissance Zone development, it offers significant upside potential for investors seeking an owner/user scenario. The building's multi-tenant structure includes office, multifamily, and retail spaces, allowing for diverse income streams. Its prime location in downtown Detroit provides easy access to expressways and is within walking distance of the central business district, stadiums, restaurants, and shopping. The asking price is $4,300,000, and the lease type is NNN. This is a unique chance to acquire a piece of Detroit's history and capitalize on its revitalization. The building's size and location make it ideal for a mixed-use conversion project, catering to the growing demand for diverse urban living and commercial spaces. The property's designation within an Opportunity Zone further enhances its investment appeal.

Highlights

  • 69,700± SF Albert Kahn-designed building.
  • Located in a designated Opportunity Zone.
  • Excellent walkability to the CBD, stadiums, restaurants, and shopping.
  • Ideal for mixed-use conversion.
  • Convenient expressway access.

Property Details for 426 Clinton St

Property type
Other office properties, Other mixed-use properties
Year Built
1916
Buildings
1
Stories
5
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3358461
Longitude
-83.0438583
426 Clinton St, Detroit, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
426 Clinton St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message