New Center Area Development Opportunity

Office for Sale
Catylist Listing ID: 30079852
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 16,771 SF
Gross Land Area: 32,757 SF
Sale Price: $115,000 - 115,100
Unit Price: $6.86 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class E
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2017

Overview / Comments

- Unique New Center Development Opportunity
- Close Proximity to Henry Ford Hospital Main Campus
- Close proximity to Wayne State University
- Adjacent to multi-family residential, senior housing, and small office buildings
- located on major high traffic boulevard
- Easy access to M-10 Lodge Freeway
- Unique redevelopment project or tear-down/ground up opportunity
- Building sits on 24,568 SF and comes with adjacent 8,189 SF vacant parcel that would be ideal for parking.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 10001070-2
Zoning: MEDIUM DENSITY RESIDENTIAL DISTRICT
Property Located Between: Lasalle Blvd. & 14th St.
Highway Access: M-10 Lodge Fwy. in close proximity
Number of Stories: 2
Parking Description: Adjacent 8,189 SF vacant parcel that would be ideal for parking.
Zoning Description: Medium Density Residential
Legal Description: N W GRAND BLVD 391 LA SALLE GARDENS SUB L25 P100 PLATS, W C R 10/66 40 X 204.75 N GRAND BLVD W 392 THRU 394 LA SALLE GARDENS SUB L25 P100 PLATS, W C R 10/66 120 X 204.75

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,480 180,737 444,814
Median Age: 38.27 34.33 34.58
Households: 8,509 70,080 165,011

Source

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