Historic Detroit Building – 4,983 Sq. Ft. – For Lease Built in 1925, this historic property originally opened as the Franklin Theater in 1926 before becoming the Guild Theater. In need of a full renovation, it offers an excellent opportunity for developers or investors to restore a significant piece of Detroit’s history. The property is offered with a two-year rent-free lease, during which the tenant agrees to complete all remodeling and renovations at their own expense. This property is also available for sale.