Downtown Detroit real estate is a hot commodity — particularly the Financial District which is central to many of the major office buildings and public events. Now, a business in the city’s iconic art deco gem the Guardian Building is cashing out.
Curbed Detroit reports that the Guardian Cafe is up for grabs at $100,000 (recently reduced from $150,000). The price for the small, 550-square-foot convenience store includes a five-year lease plus the store’s inventory, equipment, storage space, and three vending machines.
Vendors inside the Guardian have been reshuffling over the past 12 months. Crain’s reported in February 2016 that Stella Cafe shuttered in the building, while outlets like Rowland Cafe moved into different locations within the building. The changes were to some extent fueled by Wayne County’s efforts to eke out more revenue from the Guardian. In July 2015, the building’s management team attempted to attract a new investor to open a restaurant in the skyscraper’s basement bank vault. Take a peek at the Guardian Cafe below.
• Snag a Business in the Guardian Building Lobby for $100K [CDET]
• Detroit’s Iconic Guardian Building May Lock-In Bank Vault Restaurant [ED]
• All Up For Grabs Coverage [ED]