2990 W GRAND Boulevard $4,000,000

    Close

    2990 W GRAND Boulevard Detroit, MI 48202

    • 59,063 sq.ft.
    • 0.27 Acres
    • Commercial
    MLS# 219004077 | Pending

    $4,000,000

    Request Info
    Days On Market: 132 35 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    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.

    • General Features
      • County Or Parish Wayne
      • Settlement City
      • Subdivision MORAN & MOROSS PT OF SEC NO 31 & 36 (PLATS)
      • Commercial Type Commercial
      • Current Use OFFICE/RETAIL
      • Lot Size Area 0.27
      • Zoning Commercial, Multiple, Office
      • Ownership Status Private Owned, Short Sale - No
      • Originating MLS Realcomp II Ltd
      • Year Built 1945
      • Sqft Total 59,063
      • Operating Expense $273,976
      • Net Operating Expense $186,895
      • Gross Scheduled Income $512,078
      • Tax Amount - Summer 14258.0000
      • Tax Amount - Winter 1709.0000
    • BuildingFeatures
      • Foundation Details Basement
      • Construction Materials Brick
      • Sqft Office 59,063
    • Property Features
      • Road Frontage Type Paved, Pub. Sidewalk
      • Frontage Feet 78
      • Lot Size Dimensions 78.34X151.27
      • Water Source Water at Street
      • Sewer Sewer at Street
    • Schools
      • School District Detroit

    Contact

    Tige Reader

    Associate Broker

    RE/MAX Classic-Commercial Division

    Direct: 800-321-8443

    Neighborhood

    48202 (Detroit) Demographics

    35Median Age
    5,038Population Density (per sq. mile)
    32%College Educated
    $21,506 Estimated Median Income
    1,962Estimated Total Home Owners
    5,567Estimated Total Renters
    26% / 74%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    16,762Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    28 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,000,000
        5/20/2019 8:42:14 PM Status Changed Source New Value: Pending
        1/14/2019 5:43:00 PM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2019 Realcomp II Ltd. Shareholders.