1600-1634 E Grand Blvd Detroit, MI 48211
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Industrial property with value-add opportunity in Detroit's revitalizing Packard corridor.
Type:Industrial
Property size:
184,738 SFLot size:
3.00 Acres- Added:
- Apr 25, 2023
- Days on Market:
- 1110
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1600-1634 E Grand Blvd
General Information
- Standard status
- Active
- Size
- 184,738 SF
- Lot size
- 3.00 Acres
- Property subtype
- Industrial
Listing agent Peter Vanderkaay License #MI 6501388318
Listing office Signature Associates (248) 359-3837
Listing date Apr 25, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates
HighLights
- Stabilized occupancy (89.72%) with below‑market lease rates presents an immediate value‑add opportunity.
- Unrivaled access to I‑94 freeway provides logistical advantages.
- Located in the Packard Plant Corridor, an area targeted for revitalization.
- Marquee 3.0‑acre land site offers future development potential.
- Recent capital investments in roof, structure, and parking lot minimize future maintenance.
- Positioned directly across from a 3 million square foot GM Assembly Plant.
Overview
Detroit Industrial Property For Sale
This industrial property, situated on a 3.0-acre site, is located in the heart of the Packard Plant corridor in Detroit. The property is currently 89.72% occupied with rents in the $6.00 modified gross range, presenting an opportunity for immediate cash flow. Rental income upside exists as leases are converted to a triple-net structure. The property has unrivaled access to the I-94 Freeway, located one block away from the on/off ramps, providing logistical capabilities with immediate access to one of the Midwest’s east-west thoroughfares. The site allows for long-term developmental optionality as the corridor continues to be revitalized, while still maintaining cash flow in the interim. The current owner has made capital improvements to the site including new roofs, replacing sections of the parking lot, and installing modernized HVAC systems. The oldest section of the roof was reportedly installed in 2016. The property is located directly across I-94 from a 3 million square foot GM Assembly Plant, which is expected to remain an essential operation for GM’s global automotive enterprise. The property contains 184738 square feet.
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0298028
- Latitude
- 42.3784165
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - Industrial property with value-add opportunity in Detroit's revitalizing Packard corridor.
Where is this manufacturing property located?
The property is located at 1600-1634 E Grand Blvd Detroit, MI.
What are key features of this property?
This property features: Stabilized occupancy (89.72%) with below‑market lease rates presents an immediate value‑add opportunity.; Unrivaled access to I‑94 freeway provides logistical advantages.; Located in the Packard Plant Corridor, an area targeted for revitalization.
