Former King Solomon Baptist Church

Highlights:

• Absolute NNN Lease: NEW 1-Year Absolute NNN
• Prime Location: One block away from Wayne State University.
• Stable Income: The new lease commencing on 5/1/2025 provides a stable income stream for one year, with the opportunity to develop the lot upon expiration.
• Ample Parking: Up to 40 spaces with numerous parking garages nearby
• Historical Charm: The property boasts historical charm, which can be a unique selling point for attracting tenants or buyers interested in preserving and utilizing historical buildings.
• Low Maintenance: With the tenant responsible for maintenance under the lease terms, investors can enjoy reduced maintenance responsibilities and costs.
• High Demand Area: Midtown Detroit is experiencing a resurgence, with increasing demand for real estate of all asset classes

Description:

Presenting an exceptional redevelopment opportunity in the heart of Midtown Detroit! This historic 5,881 SF building, constructed in 1900, offers a prime canvas for your congregation's vision. The property, currently vacant, is ideally zoned R5 and beckons for transformation into a cherished place of worship and community gathering. With its rich heritage and ample space for expansion, this property presents a rare chance to rejuvenate and repurpose a cherished space.

Detroit, MI is an appealing destination for commercial real estate investment. The city is known for its thriving arts and music scene, iconic sports culture, and a growing tech and innovation sector. Detroit's, and it is also one of the best renters markets in the United States.