The Adam

20 West Adams Avenue Detroit, MI 48226

Detroit
FOR SALE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Oct 24, 2024

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Description

18-24 W Adams Ave. in Detroit, MI, presents a prime investment opportunity in the heart of the city’s bustling downtown district. This commercial real estate asset boasts a strategic location with high visibility and foot traffic, making it ideal for a variety of business ventures. The building features modern amenities and is structurally sound to build upward of 20+ stories. Its proximity to major transportation hubs, popular dining, and entertainment venues enhances its appeal, promising steady tenant demand and strong rental income potential. With Detroit’s ongoing economic revitalization, this property is poised for significant appreciation, offering investors a lucrative addition to their portfolio.

Immerse yourself in the vibrant energy of downtown Detroit. Located near historic landmarks like Campus Martius Park and the Detroit RiverWalk, the area surrounding the property offers an enticing blend of culture, business, and leisure. With close proximity to acclaimed dining venues, entertainment options, and major corporate headquarters, this location is ideal for an investor seeking a prime commercial real estate opportunity. The thriving downtown district provides easy access to transportation hubs, ensuring convenience for employees and visitors alike. As Detroit continues its revitalization, the property represents a promising investment in a dynamic urban landscape.


Year Built: 1930
Building Size: 20000sq ft
Lot Size: 0.3 acres

Map of 20 West Adams Avenue, Detroit, MI, 48226

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.