Former King Solomon Baptist Church

Highlights:

• Prime Location: Situated at 4638 4th Street in Detroit, MI, this property is in a rapidly developing and growing corridor, one block away from Wayne State University and adjacent to M-10 and other major transit routes
• Ample Parking: The church on-site lot holds up to 75 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.
• High Demand Area: Midtown Detroit is experiencing a resurgence, with increasing demand for real estate of all asset classes. The surrounding area has seen a surge in demand for quality rental housing and retail amenities, driven by young professionals, students, and urban dwellers
• Redevelopment Potential: The existing structure may be eligible for teardown or adaptive reuse, allowing for creative redevelopment with modern design and amenities.
• Opportunity Zone Benefits: Located within a designated Opportunity Zone, investors may benefit rom significant tax incentives on capital gains.
• Proximity to Anchor Institutions: Close to Wayne State University, Henry Ford Hospital, and cultural institutions—driving consistent demand for housing and services.
• Underserved Retail Market: The neighborhood has limited retail options, creating a strong opportunity for ground-floor commercial tenants such as cafes, boutiques, or service providers.

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.