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!
Reach out to the broker for more info on lease terms and amenities
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Contacts
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
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Walk Score ®
Very Walkable (72) -
Transit Score ®
Good Transit (52) -
Bike Score ®
Bikeable (63)
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
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What is the asking price at NAILAH COMMONS?
NAILAH COMMONS is currently listed for sale at Contact for pricing.
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What is the total size of NAILAH COMMONS?
NAILAH COMMONS has a total of 39,844 square feet.
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What is the year built for NAILAH COMMONS?
The year built for NAILAH COMMONS is 2017.