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For Sale

NAILAH COMMONS

710 East Ferry Street, Detroit, MI 48202

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!

 

 

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Contacts

broker
Ellen Mahoney

Building Details

  • For Sale $10,500,000
  • Property Type Multi-Family
  • Lot Size 1.92 Acre
  • # of Floors 2
  • Building Class B
  • Year Built 2017
  • Date Updated May 25, 2026

Getting Around

  • Walk Score ®

    Very Walkable (72)
  • Transit Score ®

    Good Transit (52)
  • Bike Score ®

    Bikeable (63)
Powered by Walk Score ®

Location

  • City Detroit, MI
  • Neighborhood Lower Woodward
  • Zip Code 48202
  • Market Detroit

Points of Interest

Warren Avenue

0.56 miles

Amsterdam Street

0.67 miles

Detroit

0.78 miles

Baltimore Street

0.80 miles

Canfield Street

0.81 miles

Grand Boulevard

0.92 miles

Mack Avenue

1.16 miles

Martin Luther King Junior Boulevard

1.18 miles

Checker Cab #977

1.45 miles

Marathon

0.31 miles

Amoco

0.50 miles

BP

0.59 miles

Wayne State University - Parking Structure #6

0.63 miles

Shell

0.73 miles

Sunoco

0.75 miles

Wayne State University - Parking Structure #8

0.78 miles

Wayne State University - Parking Structure #5

0.92 miles

Detroit Pistons Performance Center

1.00 miles

CCS Parking Structure

0.28 miles

DIA Visitor Parking

0.37 miles

DIA Staff Parking

0.43 miles

WSU Lot 35

0.43 miles

DMC Lot

0.45 miles

Kresge Parking Deck

0.49 miles

Park Shelton Garage

0.49 miles

WSU Lot 59

0.49 miles

WSU Lot 57

0.50 miles

Celebrity Car Wash

1.53 miles

Downtown Car Wash

2.29 miles

Mr. Pops Detail Shop

2.87 miles

Mr. Spotless

3.32 miles

Mel's Car Wash

3.82 miles

Source Auto Wash & Detailing

3.82 miles

Airport Car Wash

3.83 miles

Big Mikes Auto Spa

4.48 miles

Soaps Car Wash

4.50 miles

Babo

0.50 miles

Chartreuse Kitchen & Cocktails

0.51 miles

Subway

0.58 miles

Bucharest Grill

0.59 miles

Shield's Pizzeria & Bar

0.59 miles

Byblos Café and Grill

0.61 miles

Campus Diner

0.62 miles

Z's Villa

0.62 miles

Seva

0.67 miles

Whole Foods Market

1.08 miles

University Foods

1.15 miles

Detroit People's Food Co-op

1.34 miles

Save-A-Lot

1.66 miles

Gratiot Central Market

1.67 miles

King Cole Foods

1.80 miles

Family Foods Superstore

2.12 miles

City Market Detroit

2.39 miles

CGX

3.02 miles

Kresge Eye Institute

0.44 miles

Karmanos Cancer Institute

0.54 miles

Waller Health Center

0.56 miles

John D. Dingell VA Medical Center

0.62 miles

Wayne County Sheriff's Office

0.69 miles

WSU Police Department

0.70 miles

Walgreens

0.73 miles

Knight Drugs

0.76 miles

Detroit Medical Center

0.80 miles

710 East Ferry Street Listing Summary

  • What is the asking price at NAILAH COMMONS?

    NAILAH COMMONS is currently listed for sale at Contact for pricing.

  • What is the total size of NAILAH COMMONS?

    NAILAH COMMONS has a total of 39,844 square feet.

  • What is the year built for NAILAH COMMONS?

    The year built for NAILAH COMMONS is 2017.

Contact Listing Broker
broker
Ellen Mahoney
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