Former Detroit Lighting Department - City of Detroit Surplus Property

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 29894444
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 162,000 SF
Gross Building Area: See Agent
Gross Land Area: 9 Acres
Sale Price: $779,000
Unit Price: $4.81 PSF
Ceiling: 18 ft.
Docks/Doors: 2 Docks
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2017

Overview / Comments

The City of Detroit is selling this surplus industrial property. The property
previously contained the City of Detroit Public Lighting Department. It
borders the Detroit City Airport (Coleman A. Young International Airport) on
the north, with an active rail line between the subject property and the airport.
Located north of I-94, there is freeway access from both Van Dyke on the west
and Gratiot on the east. The property is zoned M-2.

This site is approximately 10 acres and contains an approximately 162,000
square foot industrial building. The original building was constructed in 1939
as the RP Scherer Pharmaceutical Company, and its original use was a
chemical lab and processing lab. Additions to the building were constructed in
1941, 1942 and 1952.

This site has many uses and consist of warehouse, office, garage, and dock
area.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 17002208
Rail Access: Yes
Airports: Detroit City Airport
Parking Type: Surface
Overhead Cranes: Undisclosed
Legal Description: N GRINNELL ALL THAT PT OF FRL SEC 22 T 1 S R 12 E DESC AS FOLS BEG AT A PTE IN LINE GRINNELL AVE 76 FT WD DIST ALG SD LINE N 88D 45M E 1233.68 FT FROM E LINE ERWIN AVE 83.44 FT WD TH N 1D 15M W 494.58 FT TH N 88D 51M 20S E 865.67 FT TH S 1D 15M E 493.38 F

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,355 173,850 454,238
Median Age: 35.22 32.53 35.07
Households: 3,631 58,666 173,593

Source

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