Capitol Park Redevelopment
For Lease
Contact for pricing
1201 Griswold Street, Detroit, MI 48226
Redevelopment opportunity in Capitol Park with retail, restaurant, office potential.
Space Size8,400 SF
Days on Market233
Property Features for 1201 Griswold Street
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Retail
Site & Location
Neighborhood
Downtown
Spaces For Lease
at 1201 Griswold Street
Redevelopment Opportunity
Size
8,400 SF
Term
Negotiable
Rate
Contact for pricing
Listing Agency:
Mid America Real Estate - Michigan Inc
Listed By:
Brooke Wolf
(248) 855-6800
Source:
Midamericagrp
Added: Mar 7
Changed: Oct 26
Last Checked: Oct 24 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid America Real Estate - Michigan Inc
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Investment Insights
Based on property information with market context.
Located in the heart of Capitol Park, this redevelopment opportunity offers boundless design possibilities. The versatile structure can range from 3 to 11 stories and includes retail, restaurant, and office space with customizable layouts. Potential features include an outdoor patio and a vibrant rooftop space. The redevelopment is surrounded by numerous luxury hotels and apartment buildings, including the renovated Book Tower and The Westin Book Cadillac Detroit hotel, which features over 450 rooms and 65 high-end condominiums. The site is also in close proximity to several high-impact destination restaurants.
Key Highlights
- Versatile structure adaptable from 3 to 11 stories, suitable for retail, restaurant, or office space.
- Prime location in the heart of Capitol Park.
- Customizable layouts to suit various business needs.
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 48226, MI
6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value
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Market
Lease Benchmarks for Detroit, MI
$19.48 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
12,113 SF
Avg Space Size
Vacancy Rate% for Office in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail property - Redevelopment opportunity in Capitol Park with retail, restaurant, office potential.
Where is this retail property located?
The property is located at 1201 Griswold Street Detroit, MI.
What are key features of this property?
This property features: Versatile structure adaptable from 3 to 11 stories, suitable for retail, restaurant, or office space.; Prime location in the heart of Capitol Park.; Customizable layouts to suit various business needs.
