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    2001 Brewster St Detroit, MI 48207

    Sponsored
    For Sale
    $8,000,000

    Prime 4-acre Detroit site, 110,000 sq ft.

    Property size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.95-acre redevelopment opportunity in Detroit's Eastern Market presents 110,000 square feet of existing, structurally sound buildings ready for transformation. Located on Brewster Street, this M3-zoned property offers unparalleled potential for a mixed-use development, leveraging its proximity to the Dequindre Cut Greenway and the bustling Eastern Market. Comprehensive due diligence, including a BEA report and environmental assessment, is available. Conceptual plans envision a vibrant mixed-use sub-district with approximately 255,000 square feet of space, encompassing residential units, commercial/maker space, and retail opportunities. The site boasts frontage on Wilkins and St. Aubin streets, providing excellent access and visibility. Its location just four blocks from Gratiot Avenue and a five-minute walk from the Eastern Market sheds ensures high foot traffic and strong potential for success. The asking price is $8,000,000, with a price per square foot of $84.55. This is a rare chance to acquire a large, well-positioned site in a rapidly developing area of Detroit, poised for significant growth and return on investment. The existing buildings are fully secured and weatherproof, providing a solid foundation for your vision. The M3 zoning allows for a wide range of uses, including loft conversions, residential, restaurants, breweries, retail, office, and hotels. This property is ready to deliver on your vision for a thriving mixed-use development.

    Property Features for 2001 Brewster St

    General Information

    Property type
    Multifamily properties
    Square Feet
    110,000 SF
    Lot Size
    172,062 SF

    HighLights

    • 3.95‑acre site in Detroit's Eastern Market.
    • 110,000 square feet of existing, structurally sound, and weatherproof buildings ready for redevelopment.
    • M3‑zoned property allowing for mixed‑use development including residential, commercial, and retail.
    • Adjacent to the Dequindre Cut Greenway, four blocks from Gratiot Avenue, and a five‑minute walk from Eastern Market sheds.
    • Comprehensive due diligence including a BEA report and environmental assessment available.
    • Conceptual plans for a 255,000 square foot mixed‑use development with approximately 260 residential units and 76,000 square feet of commercial/maker space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.035507
    Latitude
    42.35096948

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    FAQs

    What type of property is this?
    Multifamily property - Prime 4-acre Detroit site, 110,000 sq ft.
    Where is this multifamily property located?
    The property is located at 2001 Brewster St Detroit, MI.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 3.95-acre site in Detroit's Eastern Market.; 110,000 square feet of existing, structurally sound, and weatherproof buildings ready for redevelopment.; M3-zoned property allowing for mixed-use development including residential, commercial, and retail.
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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
    2001 Brewster St Detroit, MI 48207
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