Redeveloped White Box Opportunity - Perfect for Restaurant or Retail

3700 3rd Ave. Detroit, MI 48201

3700 3rd Ave., Detroit, MI, 48201
3700 3rd Ave., Detroit, MI, 48201 3700 3rd Ave., Detroit, MI, 48201 3700 3rd Ave., Detroit, MI, 48201 3700 3rd Ave., Detroit, MI, 48201 3700 3rd Ave., Detroit, MI, 48201 3700 3rd Ave., Detroit, MI, 48201
FOR LEASE
Property Type:
Free Standing Building
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Jun 19, 2025

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LEASE RATE: CONTACT AGENT FOR DETAILS Newly Renovated Ground-Floor Retail/Restaurant Space in the Heart of Detroit’s Midtown. This prime mixed-use property offers flexible, recently renovated retail and restaurant space in Detroit’s dynamic Midtown neighborhood, just north of Downtown. In-line suites are in white box condition and can be combined to accommodate up to 5,950 SF. Suite 101 also includes the option for outdoor seating. The highly walkable location is surrounded by high-demand multifamily residences, making it ideal for attracting young professionals and a steady stream of foot traffic. Just a 12-minute walk to the MLK QLine station, this property benefits from convenient access to Woodward Avenue’s free light rail transit. Midtown is also well-connected to major freeways and located within a mile of Detroit’s premier sports venues (Ford Field, Comerica Park, Little Caesars Arena). Midtown is a thriving hub of activity, anchored by five medical campuses, Wayne State University, and cultural destinations such as the Fox Theatre and Detroit Institute of Arts. The neighborhood boasts a thriving small business scene with over 200 restaurants, bars, and entertainment venues, making it the perfect environment for your next retail or dining venture.

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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.