Detroit, MI 48202,2990 W GRAND BLVD
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Detroit, MI 48202,2990 W GRAND BLVD
Detroit, MI 48202,2990 W GRAND BLVD
Detroit, MI 48202,2990 W GRAND BLVD
Detroit, MI 48202,2990 W GRAND BLVD

$3,200,000

Est. payment /mo

$4,000,000

20.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2990 W GRAND BLVD Detroit, MI 48202

59,063 SqFt

SOLD DATE : 06/17/2019

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

Year Built 1945

Annual Tax Amount $15,967

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 78.34X151.27

Property Sub-Type Commercial

Source Realcomp II Ltd

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

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

Special Listing Condition Full Service

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Realcomp MLS
Listed by Kim Page of Front Page Properties
Bought with Non Realcomp Office

GET MORE INFORMATION

agent
Corbin Gearhart

+1(517) 282-7166 | corbin@fullcircleregroup.com

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