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Arterra Realty - The fastest growing real estate company in Michigan

  • Price$4,000,000
  • SQ. Feet59,063
  • Acres0.27
  • Built1945

2990 W Grand Blvd, Detroit

A GREAT OPPORTUNITY WITHIN THE POPULAR NEW CENTER AREA/THEATER DISTRICT IN THE CITY OF DETROIT. CASH FLOWING COMMERCIAL BUILDING THAT HAS 59,063 SF THAT FACES THE FISHER BUILDING AND RIGHT NEXT DOOR TO THE NEW CENTER PARK. WITHIN 3 MILES OF DOWNTOWN. APPROX 1/2 MILE OF HENRY FORD HOSPITAL, 1 MILE FROM WAYNE STATE UNIVERSITY, WITHIN WALKING DISTANCE OF THE MOTOWN MUSEUM AND 2 BLOCKS FROM THE M-1 RAIL STOP. THE MIX OF TENANTS IN THE BUILDING IS INCLUSIVE OF AVALON BAKERY, DETROIT FUTURE CITY, WALKER MILLER, PLAY WORKS AND MANY MORE BUSINESSES. THE BUILDING HAS CURRENTLY 25 OFFICE/RETAIL SUITES THAT CAN BE RECONFIGURED TO MEET JUST ABOUT ANY FLOOR PLAN. RECENT CAPITAL IMPROVEMENTS INCLUDE THE UPGRADING OF COMMON AREAS, MECHANICAL SYSTEMS AND OFFICE SUITES. CURRENTLY PRODUCING $512,078 IN GROSS IN ANNUAL GROSS INCOME. A GREAT HUSTLING AND BUSTLING AREA WITH PLENTY OF TRANSPORTATION AND FOOT TRAFFIC. SALE SUBJECT TO COURT APPROVAL.

Essential Information

  • MLS® #219004077
  • Price$4,000,000
  • Total Sq. Ft59,063
  • Acres0.27
  • Year Built1945
  • TypeCommercial
  • Sub-TypeCommercial
  • StatusActive

Interior

  • HeatingSteam

School Information

  • DistrictDetroit

Listing Details

  • Listing OfficeFront Page Properties

Community Information

  • Address2990 W Grand Blvd
  • Area05043-Det: Livernois-I75 6-Gd River
  • SubdivisionMORAN & MOROSS PT OF SEC NO 31 & 36 (PLATS)
  • CityDetroit
  • CountyWayne
  • StateMI
  • Zip Code48202

Exterior

  • ExteriorBrick
  • FoundationBasement

Additional Information

  • ZoningCommercial, Multiple, Office
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