Former King Solomon Baptist Church
4638 4th St
Detroit, MI 48201
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.
