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For Sale

The Park Shelton

15 E Kirby Street
Detroit, Michigan 48202
For Sale

The Park Shelton

15 E Kirby Street
Detroit, Michigan 48202

- Property Information

eCODE 888
County: Wayne
Property Type: Office, Retail
Total Building SF: ± 340,000 SF
Available Building SF: ± 20,889 SF
Occupancy Rate: 89%
Sale Price: TBD

- Property Details

Occupancy Type: Multi Tenant
Year Built: 1926
Year Renovated: 2004
Zoning: B-4, General Business District
Parking Type: Surface
# Spaces: 50

- Additional Information

  • Investment grade retail for sale inside The Park Shelton, a historic Marquee Building, totaling ±20,889 SF
  • Currently 88.62% occupied with long history of high occupancy
  • Distinguished location on Woodward Ave, directly next to the Detroit Institute of Arts (DIA) in the heart of Midtown
  • Future M-1 rail station located on NW corner of property
  • Opportunity to also purchase 50 parking spaces in adjacent structure, bringing potential for additional revenue. Parking is at an all time high scarcity in the city of Detroit
  • Located in high-traffic area
  • Substantial frontage on Woodward Avenue, Detroit’s main thoroughfare
  • Opportunity to increase NOI by adding NNN and utility costs to current rent
  • Residential condos in the building trade at over $300 per foot, some of the highest prices in SE Michigan

- For more information, contact:

David Cohen

248.324.2000 Request a call