Redevelopment Mixed-Use
For Sale
Contact for pricing
Pending
2240 & 2250 West Grand Blvd., Detroit, MI 48208
Developer partnership opportunity to redevelop Lee Plaza and adjacent parcels in Detroit.
Property SizeContact for details
Days on Market133
Property Features for 2240 & 2250 West Grand Blvd.
General Information
Standard status
Pending
Property subtype
Multifamily, Land
Listing Agency:
Summit Commercial LLC
(313) 872-1300
Listed By:
Bunia Parker · License #MI 6502357630
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 19 at 8:46AM
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 Summit Commercial LLC
Investment Insights
Based on property information with market context.
This offering presents a developer partnership opportunity coordinated by the Detroit Building Authority (DBA) and the City of Detroit Housing & Revitalization Department (HRD) to redevelop the property known as “Lee Plaza.” The redevelopment area includes 2240 West Grand Boulevard, as well as adjacent parcels at 2250 West Grand Boulevard and 2700 Ferry Street.
The parcels are located in close proximity to Detroit’s LaSalle Gardens neighborhood. Additional details on existing improvements, site configuration, and redevelopment scope are not provided in the available information.
Interested parties should review partnership and redevelopment requirements directly with the DBA and HRD as the governing entities for the planned redevelopment process.
The parcels are located in close proximity to Detroit’s LaSalle Gardens neighborhood. Additional details on existing improvements, site configuration, and redevelopment scope are not provided in the available information.
Interested parties should review partnership and redevelopment requirements directly with the DBA and HRD as the governing entities for the planned redevelopment process.
Key Highlights
- Developer partnership opportunity for the redevelopment of 2240 West Grand Boulevard (Lee Plaza) and adjacent parcels.
- Project includes 2240 West Grand Boulevard (Lee Plaza), 2250 West Grand Boulevard, and 2700 Ferry Street.
- Partnership is sought by the City of Detroit Housing & Revitalization Department (HRD) in partnership with the Detroit Building Authority (DBA).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Specialty property - Developer partnership opportunity to redevelop Lee Plaza and adjacent parcels in Detroit.
Where is this specialty property located?
The property is located at 2240 & 2250 West Grand Blvd. Detroit, MI.
What are key features of this property?
This property features: Developer partnership opportunity for the redevelopment of 2240 West Grand Boulevard (Lee Plaza) and adjacent parcels.; Project includes 2240 West Grand Boulevard (Lee Plaza), 2250 West Grand Boulevard, and 2700 Ferry Street.; Partnership is sought by the City of Detroit Housing & Revitalization Department (HRD) in partnership with the Detroit Building Authority (DBA).
