Pending
1468 Adelaide Street, Detroit, MI 48207
$3,425,000
MLS # 20251037976 (Realcomp)
Built 19160.25 acres
1 / 4
Listing Description
Located in the heart of Detroit’s historic Eastern Market, 1468 Adelaide Street occupies one of the neighborhood’s most visible corners. This two-story, 21,309-square-foot mixed-use property is anchored by Farmer Frank’s restaurant. With nearly 20,000 square feet of vacant space, the property offers exceptional potential to be reimagined for future businesses. This is part of a monumental offering of properties for sale in and around Eastern Market — the largest collection of real estate offered by a single owner for sale in Eastern Market’s history. They can be purchased individually or in multiples. Please see the complete collection of properties for sale. Proof of funds required for all tours.
Source: SparkMLS
About this home
Listed at $3,425,000.
Property tax estimate: $69,750 per year ($5,813/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.25 acres
Year Built1916
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
WaterPublic
Sale & Financing
Listed9/17/2025
Source: SparkMLS
Tax Information
Annual Tax$38,722
Tax Year2025
State Equalized Value$848,700
Assessed Value$848,700
Parcel #07000836.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Vincent Mazzola
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 1468 Adelaide Street, Detroit, MI 48207
What school district is 1468 Adelaide Street, Detroit, MI 48207 in?
Per MLS# 20251037976, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20251037976, the most recent reported annual property tax for 1468 Adelaide Street, Detroit, MI 48207 is $65,328. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 1468 Adelaide Street, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 1468 Adelaide Street, Detroit, MI 48207 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1468 Adelaide Street, Detroit, MI 48207 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 1468 Adelaide Street, Detroit, MI 48207?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 1468 Adelaide Street, Detroit, MI 48207. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$69,750
Monthly$5,813
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$28,027
Principal & interest$22,214
Property taxes$5,813
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1468 Adelaide Street, Detroit, MI 48207
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Neighborhood
Middle East Central
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Community
Detroit
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County
Wayne County
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