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    2937 Grand Blvd Detroit, MI 48202

    For Lease
    $26 SF/Yr

    Historic Detroit Office Building, Modern Amenities

    Lot size:
    80,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Chroma, located at 2937 E Grand Blvd in Detroit, Michigan (SW corner of E Grand Blvd and Milwaukee), offers 80,540 square feet of prime office space in a nine-story building. Currently, 8,058 square feet is available for lease. This Class B building, originally constructed in 1912 and extensively renovated in 2020, provides a unique blend of traditional, executive, and creative office spaces, catering to diverse business needs. The building features 190 parking spaces and elevators for convenient access. Situated in the vibrant Milwaukee Junction neighborhood of Wayne County, Chroma is part of a rapidly growing area with numerous new restaurants, businesses, and residential developments. Its single-tenant occupancy allows for a cohesive and collaborative work environment. The building's architectural character is enhanced by its prominent artwork, including the "Girl with the D Earring." This property presents a compelling opportunity for businesses seeking a blend of historic charm and modern functionality in a thriving Detroit location. The zip code is 48202.

    Property Features for 2937 Grand Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,540 SF
    Class
    B
    Total Rate
    174503.33

    Building Details

    Year Built/Renovated
    1912/2020
    Buildings
    1
    Stories
    9

    Unit(s) available at that property

    Space
    Size
    8,058 SF
    Rate per SF
    $26

    HighLights

    • 80,540 square feet of Class B office space available for lease in a nine‑story building.
    • 190 onsite parking spaces and elevators.
    • Open, light‑filled floorplates with 12' ceilings, finished restrooms, and incredible views.
    • Located in Detroit's vibrant Milwaukee Junction neighborhood, near numerous restaurants, businesses, and residential developments.
    • Historic architectural details, including prominent artwork.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Platinum & Gold Construction Contractor Bloomscape Corporate Office Slyvester Tyler Real Estate Consultant VVK PR + Creative Public Relations Firm Zoom Fingerprints LLC Fingerprinting Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0674713
    Latitude
    42.3720024

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    FAQs

    What type of property is this?
    Office space - Historic Detroit Office Building, Modern Amenities
    Where is this office space located?
    The property is located at 2937 Grand Blvd Detroit, MI.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 80,540 square feet of Class B office space available for lease in a nine-story building.; 190 onsite parking spaces and elevators.; Open, light-filled floorplates with 12' ceilings, finished restrooms, and incredible views.
    Request Owner's contact information
    2937 Grand Blvd Detroit, MI 48202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2937 Grand Blvd Detroit, MI 48202
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