Redevelopment Opportunity

Expired Industrial for Sale
Also listed as Multi-Family
Catylist Listing ID: 29646887
Property Subtypes: Free-Standing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 300,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.38 Acres
Sale Price: $11,500,000
Ceiling: 15 ft.
Docks/Doors: 19 Docks
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 11/7/2017
Last Updated: 11/7/2017

Overview / Comments

*Large 8-story loft storage building in excellent condition.
*Former bonded/FDA certified warehouse.
*Perfect for multifamily conversion, must see!!
*Located in budding Corktown, steps away from Greendot with views of The Ambassador Bridge, Michigan Central Station, Downtown Detroit, and Downtown Windsor.
*Views of Detroit River
*Indoor parking and additional outdoor parking


Finance Data Year 2013
Real Estate Taxes - Annual($) $11,913 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 08-008686
Property Located Between: Fort St & Bagley
Side of Street: North
Road Type: Paved
Airports: Detroit City Airport 19 min 9.2 mi, Detroit Metropolitan Wayne County Airport 30 min 21.1 mi
Area Description: Joe Louis Arena Transit Stop (Detroit People Mover) 18 min 1,474 m
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 8
Property Condition: Excellent
Year Built: 1917
Year Renovated: 1990
Construction/Siding: Brick
Overhead Cranes: Undisclosed
Amps: 1,200
Volts: 220
X-Phase: 3p Heavy

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,815 103,747 281,321
Median Age: 40.5 34.77 35.26
Households: 4,789 43,784 110,620


Photograph of Listing Agent

Donnell E Cravens

CORE Partners
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