Milwaukee Junction Redevelopment Opportunity

Industrial for Sale
Sale Pending
Catylist Listing ID: 30558714
Property Subtypes: Manufacturing, Mixed Use, Warehouse/Distribution
Status: Pending
Building Size (RSF): 61,000 SF
Gross Building Area: See Agent
Gross Land Area: 112,820 SF
Sale Price: $2,340,000
Unit Price: $38.36 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Former Autocar Service Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2020

Overview / Comments

In partnership with the Detroit Building Authority, (“DBA”), the City of Detroit’s Housing and Revitalization Department (“HRD”) and Planning and Development Department (“PDD”) seek a developer to design, rehab, and/or construct a commercial development in the heart of the Milwaukee Junction neighborhood.
Please see attached marketing package for more information.

Submission Process and Timeline Key Dates:

January 15, 2020: Marketing open
January 22, 2020 (11am-12pm), January 28 (10am-11am), February 25th (10am) 2020: Tours of site
March 20, 2020: Response deadline

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Taxing Authority: City of Detroit
Tax ID/APN: 01001774., 01001773., 01001762-72
Zoning: M2
Property Located Between: John R. St. and Brush St.
Highway Access: M-10, I-75, and I-94
Site Description: The eastern building on the site was the Autocar Service Building, an early auto manufacturer. More recently, the two buildings on the site were used as warehouses.
Area Description: Located in Milwaukee Junction’s Piquette Avenue Industrial Historical District (on the National Register of Historic Places).
Total Number of Buildings: 2
Year Built: 1929
Zoning Description: Restricted Industrial District. The City will work with the Developer to re-zone the site if needed.
Lot Frontage: Approx. 620ft
Lot Depth: Approx. 187ft
Legal Description: S PIQUETTE 38-39 E 10 FT 40 HUBBARD & KINGS L6 P86 PLATS, W C R 1/95 70 X 193.18A S PIQUETTE 37 HUBBARD & KINGS L6 P86 PLATS, W C R 1/95 30 X 190.38A S PIQUETTE 1 THRU 10PEPPERS & HARMONS L8 P20 PLATS, W C R 1/92 30 THRU 36HUBBARD & KINGS L6 P86 PLATS, W C R 1/951/--- 519.56 IRREG.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,201 163,526 416,002
Median Age: 36.03 36.08 34.96
Households: 7,979 67,748 157,323
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.