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2990 W GRAND BLVD Detroit, MI 48202
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Key Details
Sold Price $3,200,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 59,063 sqft
Price per Sqft $54
Subdivision Moran & Moross Pt Of Sec No 31 & 36 (Plats)
MLS Listing ID 219004077
Sold Date 06/17/19
Originating Board Realcomp II Ltd
Year Built 1945
Annual Tax Amount $15,967
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 78.34X151.27
Property Description
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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multiple,Office
Direction SOUTH OF LOTHROP WEST OF WOODWARD
Interior
Heating Steam
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 4-10 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W04I001480S
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Assessment Amount $100
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Non Realcomp Office