Eastern Market Redevelopment Opportunity FOR SALE


Detroit, MI - Eastern Market
$8,000,000 USD
248-798-4404
, Detroit, MI for Sale
$8,000,000 USD
FOR SALE
1/16
null | Request Cap Rate

Eastern Market Redevelopment Opportunity
Detroit, MI
Eastern Market


HIGHLIGHTS

  • Close Proximity to Brush Park, Lafayette Park, & Downtown
  • 5 Minute walk to Eastern Market sheds
  • Adjacent to the Dequinder Cut
  • Gratiot Ave. is a primary link connecting (in less than 1 mile) the site to Downtown Detroit
  • Wilkins St. is a primary link connecting the site to Midtown, one of Detroit’s most active live, work districts
  • 1 mile from ALL Detroit Sports Venues

OVERVIEW

Mixed use district • 100K+ sqft • Nearly 4 acres This nearly 4 acre offering comes with more than dirt. It features 110,000 square feet of Solid-built structures waiting to be the foundation of your redevelopment project. And you have the entire block to play with. We’ve done conceptual drawings for a mixed use space that come with this offering along with thorough due diligence including the BEA Report, Environmental, Inspection report, etc…. You can see the dramatic impact this redevelopment project would be in the neighborhood. And how it would create a vibrant destination for those that live there and visit. Eastern Market itself is already a big draw for droves of people year-round. The Dequindre Cut is as well. The City of Detroit is discussing allowing for pass-throughs from the Cut to Eastern Market area creating even more foot/bicycle traffic. There are already plans for a Residential mixed use development and a residential development nearby. The area is ripe for the picking. Whether you decide to leverage the concept here or consider something else - retail, restaurant, recreation - this property is ready to deliver. And you won’t find 4 acres in one nice package where the city is interested in redevelopment just anywhere in Detroit.

ASK ABOUT THIS PROPERTY

Ron RoczRE/MAX NexusMore Info
248-798-4404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ron RoczRE/MAX NexusMore Info
248-798-4404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.