2990 W Grand Boulevard
Detroit, MI 48202

$4,000,000

Description

A GREAT OPPORTUNITY WITHIN THE POPULAR NEW CENTER AREA/THEATER DISTRICT IN THE CITY OF DETROIT. CASH FLOWING COMMERCIAL BUILDING THAT HAS 59,063 SF THAT FACES THE FISHER BUILDING AND RIGHT NEXT DOOR TO THE NEW CENTER PARK. WITHIN 3 MILES OF DOWNTOWN. APPROX 1/2 MILE OF HENRY FORD HOSPITAL, 1 MILE FROM WAYNE STATE UNIVERSITY, WITHIN WALKING DISTANCE OF THE MOTOWN MUSEUM AND 2 BLOCKS FROM THE M-1 RAIL STOP. THE MIX OF TENANTS IN THE BUILDING IS INCLUSIVE OF AVALON BAKERY, DETROIT FUTURE CITY, WALKER MILLER, PLAY WORKS AND MANY MORE BUSINESSES. THE BUILDING HAS CURRENTLY 25 OFFICE/RETAIL SUITES THAT CAN BE RECONFIGURED TO MEET JUST ABOUT ANY FLOOR PLAN. RECENT CAPITAL IMPROVEMENTS INCLUDE THE UPGRADING OF COMMON AREAS, MECHANICAL SYSTEMS AND OFFICE SUITES. CURRENTLY PRODUCING $512,078 IN GROSS IN ANNUAL GROSS INCOME. A GREAT HUSTLING AND BUSTLING AREA WITH PLENTY OF TRANSPORTATION AND FOOT TRAFFIC. SALE SUBJECT TO COURT APPROVAL.

Details

MLS#219004077
StyleIndustrial
Sub-TypeResale
StatusActive
Year1945
Days On Site68

Features

SQ Feet59,063
Story(s)1
ZoningCommercial,Multiple,Office

Market Activity 48202

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48202
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48202)
Price:
$4,000,000
low | high
Med:
$100,000
100% of Average
SqFt:
59,063
low | high
Med:
0
100% of Average
$ / SqFt:
$68
low | high
Med:
$0
100% of Average
On Site:
68
low | high
Med:
178
38.202247191011% of Average
Listing Updated: 03/22/2019
MLS Number: 219004077
Listing Provided By:
Kim Page  of  Front Page Properties
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