- For Sale $11,000,000
- Property Type Multi-Family
- Property Size 39,844 SF
- Lot Size 1.92 Acre
- # of Floors 2
- Building Class B
- Year Built 2017
- Date Updated Jun 30, 2025
EXECUTIVE SUMMARY
Rare Investment Opportunity in Midtown Detroit’s Cultural Arts District – Nearly 100% Occupancy!
Introducing one of Detroit’s most exciting investment opportunities—a meticulously maintained property in the heart of Midtown Detroit’s thriving Cultural Arts District. Just steps from the world-renowned Detroit Institute of Arts, University Prep, and the College for Creative Studies, this property stands at the crossroads of culture, academia, and economic growth.
Unmatched Investment Stability with Long-Term Tax Benefits
This development is among the first in Detroit to be accepted for the new PILOT program, ensuring stabilized property taxes for at least 15 years, with options to extend. The existing PA 210 tax abatement is in place providing substantial tax savings. Upon its expiration,the property has already been designated as eligable for the PILOT Program offering a significant financial advantage for investors seeking predictable long-term expenses.
Why Build When You Can Invest in Proven Success?
With construction costs at an all-time high, there’s no need to take on the uncertainty of new development. This newer construction property has been expertly maintained, offering immediate cash flow and a rare opportunity for sustained profitability.
Investment Highlights:
- Nearly 100% occupancy, demonstrating strong tenant - in Detroit’s booming Midtown market.
- Assumable $7 million loan at 4.25% fixed interest over 15 years, with interest-only payments, ensuring maximum financial viability.
- A desirable mix of one- and two-bedroom units, each with 1.5 baths, thoughtfully designed for modern renters seeking comfort and convenience.
- Updated financials readily available, offering full transparency for investors to make informed decisions.
A Secure, High-Value Investment in One of Detroit’s Most Coveted Locations
Midtown Detroit is experiencing unprecedented demand for quality housing, fueled by its dynamic cultural scene, strong educational institutions, and economic resurgence.
Don’t miss the chance to capitalize on this rare opportunity—secure your stake in Detroit’s thriving real estate market today!
Don’t miss the chance to capitalize on this rare opportunity—secure your stake in Detroit’s thriving real estate market today!
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
72/100
Very Walkable
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Transit Score ®
52/100
Good Transit
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Bike Score ®
63/100
Bikeable
- City Detroit, MI
- Neighborhood Lower Woodward
- Zip Code 48202
- Market Detroit
Points of Interest
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Ferry Street
0.53 miles
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Warren Avenue
0.57 miles
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Amsterdam Street
0.66 miles
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Detroit
0.78 miles
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Baltimore Street
0.79 miles
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Canfield Street
0.83 miles
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Grand Boulevard
0.91 miles
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Mack Avenue
1.18 miles
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Martin Luther King Junior Boulevard
1.20 miles
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Checker Cab #977
1.46 miles
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Mobil
0.30 miles
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Marathon
0.32 miles
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Amoco
0.50 miles
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BP
0.59 miles
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Wayne State University - Parking Structure #6
0.63 miles
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Sunoco
0.74 miles
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Shell
0.75 miles
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Wayne State University - Parking Structure #8
0.80 miles
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Wayne State University - Parking Structure #5
0.93 miles
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Detroit Pistons Performance Center
1.00 miles
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Kirby Center Lofts Lot
0.09 miles
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CCS Parking Structure
0.29 miles
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DIA Visitor Parking
0.38 miles
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WSU Lot 35
0.43 miles
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DIA Staff Parking
0.43 miles
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DMC Lot
0.46 miles
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Park Shelton Garage
0.50 miles
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Kresge Parking Deck
0.50 miles
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WSU Lot 59
0.51 miles
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WSU Lot 57
0.51 miles
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The Inn on Ferry Street
0.44 miles
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Paris Hotel
0.91 miles
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Hotel St. Regis
0.95 miles
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El Moore
1.15 miles
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King's Arms Hotel
1.32 miles
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The Inn at 97 Winder
1.61 miles
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The Winder Street Inn
1.61 miles
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The Cochrane House
1.61 miles
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Pinkinn Motel
1.74 miles
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Veteran's Park Hotel
1.76 miles
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Domino's
0.48 miles
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Babo
0.51 miles
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Chartreuse Kitchen & Cocktails
0.51 miles
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Subway
0.58 miles
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Bucharest Grill
0.58 miles
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Shield's Pizzeria & Bar
0.60 miles
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Byblos Café and Grill
0.61 miles
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Z's Villa
0.62 miles
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Campus Diner
0.63 miles
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Seva
0.68 miles
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Golightly Education Center
0.07 miles
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University Preparatory Academy - Middle School
0.14 miles
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College for Creative Studies
0.35 miles
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Palmer Institute
0.45 miles
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Herlong Cathedral School
0.60 miles
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Plymouth Educational Center
0.61 miles
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WSU School of Medicine
0.64 miles
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Call Together Day Care Center
0.65 miles
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God's Way Academy
0.67 miles
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University Preparatory Academy Elementary School – Mark Murray Campus
0.76 miles
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Kingdom Care Learning Center
0.45 miles
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Matrix Headstart
0.60 miles
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Once Upon a Time Child World
0.77 miles
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Midtown KinderCare
1.10 miles
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Henry Ford Kids Child Care Center
1.54 miles
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Sha-Sha's Kiddy Korner
2.27 miles
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Angel Land Child & Parent Center
2.47 miles
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Matrix Head Start Infinity II
3.00 miles
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Vista's Nuevas Headstart Gasper Fiore Center
3.27 miles
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United Children & Family Head Start
3.28 miles
Frequently Asked Questions
The space currently listed for sale at NAILAH COMMONS asks for $11,000,000.
NAILAH COMMONS totals 39,844 square feet.
NAILAH COMMONS was built in 2017.
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