The Leland - Historic Building - Retail Leasing Opportunity

Retail-Commercial for Lease
Catylist Listing ID: 30524225
Property Subtypes: Mixed Use, Restaurant, Street Retail
Contiguous Space: 3,330 - 5,778 SF
Total Available: 9,108 SF
Gross Building Area: 392,971 SF
Gross Land Area: 1.23 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $4,995 - 8,667
Lease Types: NNN
Ceiling: 21 ft.
In Opportunity Zone? Yes
Building Name: The Leland House
Last Updated: 11/25/2019

Overview / Comments

- Historic Building with 1st Floor Retail Space
- Part of a Large Scale Mixed-Use Multifamily Redevelopment of 340 Units
- Suitable for Upscale or Casual Dining Restaurant
- Renovation Delivered in Fall of 2021
- Prominent Visibility from Grand River Ave, Cass Ave & Bagley St
- Directly Adjacent to DTE Energy's Beacon Park
- Beacon Park has Year-Round Activity

Largest Employers within Area
- DTE Energy | 7,188
- MGM Grand Casino | 3,000
- Motor City Casino | 5,000

Largest Attractions within Area
- Little Caesars Area | Detroit Pistons & Detroit Red Wings
- Comerica Park | Detroit Tigers
- Ford Field | Detroit Lions
- Fox Theatre
- MGM Grand Casino
- Motor City Casino

Expand All 2 Spaces Available

Suite: 123 5,778 SF $18 PSF (Annual) NNN
Suite: 125 3,330 SF $18 PSF (Annual) NNN

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: CBD
Submarket Type: Central Business District
Taxing Authority: City of Detroit
Tax ID/APN: 02002293-6
Zoning: B-5 MAJOR BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino
Property Located Between: Grand River Ave & Cass Ave
Property Visibility: Excellent
Largest Nearby Street: Grand River Ave
Feet of Frontage: 275
Traffic/Vehicle Count: 12,086
Highway Access: .25 Miles from M-10 (Lodge Freeway) and .25 Miles from I-75 (Walter P Chrysler Freeway)
Airports: Detroit Metro Airport (DTW)
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1936
Year Renovated: 2021
Roof Type: Flat
Total Parking Spaces: 240
Parking Ratio: 10 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: 7 Story Parking Structure with 240 Spaces Dedicated to Commercial Space. 660 Spaces Total.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,860 101,894 288,579
Median Age: 41.66 37.45 35.03
Households: 9,926 45,909 112,525

Contact

Photograph of Listing Agent

W. Emery Matthews

Real Estate Interests, LLC
CPIX Member
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