1600-1634 Grand Blvd, Detroit, MI 48211
166,041 SF | 73% Leased | Industrial Building | Detroit, MI 48211 | For Sale
For Sale
Active
9 pictures
- Property Type
-
Industrial
- Square Feet
- 45,077 SF
Listing Contacts
Luke Timmis
Griffin Pitcher
Paul Saad
Cade Kozlowski
Peter Vanderkaay
- Property Info
Property Overview
The subject property is currently 89.72% occupied with rents in the $6.00 modified gross range. Prospective investors can
expect to achieve immediate cash flow, with near-term upside in rental income as leases are converted to a triple-net structure. The
Packard Plant has become a big-ticket item on the city of Detroit’s agenda to revive what once was one of America’s top industrial
submarkets. The city is currently in the midst of the demolition process for the 3.5 million square foot Packard Plant, marking a
necessary step toward attracting developers to revive the corridor. Uniquely situated one block away from the I-94 on/off ramps, the
site’s logistical capabilities are bolstered with immediate access to one of the Midwest’s preeminent east-west thoroughfares. The
current owner has been diligent in making necessary capital improvements to the site including new roofs, replacing several sections of
parking lot, and installing modernized HVAC systems. The property is located directly across I-94 from an essential 3 million square foot
GM Assembly Plant.
expect to achieve immediate cash flow, with near-term upside in rental income as leases are converted to a triple-net structure. The
Packard Plant has become a big-ticket item on the city of Detroit’s agenda to revive what once was one of America’s top industrial
submarkets. The city is currently in the midst of the demolition process for the 3.5 million square foot Packard Plant, marking a
necessary step toward attracting developers to revive the corridor. Uniquely situated one block away from the I-94 on/off ramps, the
site’s logistical capabilities are bolstered with immediate access to one of the Midwest’s preeminent east-west thoroughfares. The
current owner has been diligent in making necessary capital improvements to the site including new roofs, replacing several sections of
parking lot, and installing modernized HVAC systems. The property is located directly across I-94 from an essential 3 million square foot
GM Assembly Plant.
Property Details
- Class
- C
- Year Built/Renovated
- 1923/1989
- Stories
- 4
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 130,680 SF
All available spaces
- Space
- 1st Fl-Ste 102
- Size
- 4,855 SF
- Condition
- Partial Build-Out
- Space
- 1st Fl-Ste 104
- Size
- 2,184 SF
- Condition
- Partial Build-Out
- Space
- 1st Fl-Ste 105
- Size
- 723 SF
- Condition
- Partial Build-Out
- Space
- 2nd Fl-Ste 201
- Size
- 5,000 SF
- Condition
- Partial Build-Out
- Space
- 2nd Fl-Ste 209-217-230
- Size
- 5,020 SF
- Condition
- Partial Build-Out
- Space
- 2nd Fl-Ste 221-229
- Size
- 1,529 SF
- Condition
- Partial Build-Out
- Space
- 2nd Fl-Ste xx
- Size
- 1,149 SF
- Condition
- Partial Build-Out
- Space
- 3rd Fl-Ste 301
- Size
- 971 SF
- Condition
- Partial Build-Out
- Space
- 3rd Fl-Ste 302
- Size
- 1,525 SF
- Condition
- Partial Build-Out
- Space
- 3rd Fl-Ste 303
- Size
- 1,218 SF
- Condition
- Partial Build-Out
- Space
- 3rd Fl-Ste 304
- Size
- 1,006 SF
- Condition
- Partial Build-Out
- Space
- 3rd Fl-Ste 305
- Size
- 1,897 SF
- Condition
- Partial Build-Out
- Space
- 4th Floor
- Size
- 18,000 SF
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