Retail Sale Flyer

INVESINVESTMENTTMENT SSALEALE THE PARK SHELTON (RETAIL & PARKING CONDOS) 15 EAST KIRBY STREET DETROIT, MI 48202

INVESTMENT HIGHLIGHTS:

• ±20,631 SF retail condominiums located in Detroit’s cultural Midtown District • First floor of the historic 12-story Park Shelton luxury residential high-rise • Comprised of (4) commercial condos and (70) parking space condos • Strong upside potential by bringing rents to market rates and converting leases to NNN • Currently 92.39% occupied by (15) tenants with average WALT of 4.78 years • Historically well-occupied and maintained building along highly-visible Woodward Avenue • Positioned across from the Detroit Institute of Arts and Detroit Historical Museum • M-1 Rail Station near the building’s northwest corner • Close proximity to Wayne State University, Tech Town and Detroit Medical Center FOR MORE INFORMATION PLEASE CONTACT: • Potential to re-sell retail and parking condos at a premium, either individually or as a bulk acquisition JJAREDARED FRIEDMAN RICHARD DEPTULA • Sale price to be determined by the market [email protected] [email protected]

The information provided herein along with any attachment(s) was obtained from sources believed to be reliable, however, Friedman Real Estate makes no guarantees, warranties, or representations as to the completeness or accuracy of such information and legal counsel is advised. All information provided is subject to verification and no liability for reliance on such information or errors or omissions is 2248.3248.324.20004.2000 eCeCODEODE 6262 assumed. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Copyright © 2019 Friedman Real Estate. All rights reserved.

FRIEDMAN REAL ESTATE 34975 WEST TWELVE MILE ROAD FARMINGTON HILLS, MI 48331 WWW.FRIEDMANREALESTATE.COM INVESINVESTMENTTMENT SSALEALE THE PARK SHELTON (RETAIL & PARKING CONDOS) 15 EAST KIRBY STREET DETROIT, MI 48202

TRAFFIC CCOUNTOUNTSS DEMOGRAPHICS

CROCROSSS SS STREESTREESTT DDAILAILYY TRAFFIC 1 MILE1 MILE 3 MILES3 MILES5 MILES5 MILES

Woodward Ave at Palmer Ave 20,519 VPD Total Population 13,814 122,341 307,083

Kirby St at Cass Ave 8,909 VPD Total Households 6,813 53,837 120,577

Woodward Ave at Hendrie St 24,177 VPD Daytime Employees 42,481 154,832 196,184 John R St at Kirby St 6,214 VPD Average HH Incomes $32,309 $40,010 $38,813

FOR MORE INFORMATION PLEASE CONTACT:

JJAREDARED FRIEDMAN [email protected] 2248.3248.324.20004.2000 RICHARD DEPTULA [email protected] eCeCODEODE 6262

FOR MORE INFORMATION PLEASE CONTACT:

JJAREDARED FRIEDMAN [email protected] 2248.3248.324.20004.2000 RICHARD DEPTULA [email protected] eCeCODEODE 6262

FOR MORE INFORMATION PLEASE CONTACT:

JJAREDARED FRIEDMAN [email protected] 2248.3248.324.20004.2000 RICHARD DEPTULA [email protected] eCeCODEODE 6262

FRIEDMAN REAL ESTATE 34975 WEST TWELVE MILE ROAD FARMINGTON HILLS, MI 48331 WWW.FRIEDMANREALESTATE.COM