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    3031 Grand Blvd Detroit, MI 48202

    Sponsored
    For Lease
    $19 SF/Yr

    Class A Detroit Office Building, 19 Suites Available

    Lot size:
    608,823 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prestigious Class A office building, New Center One, located at 3031 W Grand Blvd in Detroit, Michigan's Central Business District, offers 608,823 square feet of space across eight stories. Built in 1982 and renovated in 2020, the property features 19 available suites ranging from 371 to 29,507 square feet, with a minimum divisible space of 29,507 square feet. The building boasts 12-foot ceilings to the grid and 18-foot ceilings to the deck, providing ample space and flexibility. Amenities include access to retail stores, banks, daycare, a food court, and a building conference room. With 3500 total parking spaces, including both surface and covered parking, ample parking is readily available. The building is conveniently located near the QLINE station, offering easy access to the CBD, and is within walking distance of Wayne State University and Henry Ford Hospital. Its prime location in the New Center and Northern Midtown Detroit submarket provides excellent walkability (Walk Score of 94), transit access (Transit Score of 55), and bikeability (Bike Score of 89). The property sits on 3.85 acres and includes seven elevators and one freight elevator, along with a sprinkler system. Its proximity to other notable buildings such as the Fisher Building, Cadillac Place, and the Hotel St. Regis further enhances its desirability. The building's zoning is DOWNTOWN DETROIT | CENTRAL BUSINESS DISTRICT (Wayne County, APN 02-001098-101). This is a unique opportunity to secure office space in a highly sought-after location.

    Property Features for 3031 Grand Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    608,823 SF
    Class
    A
    Total Rate
    989337.38

    Building Details

    Year Built/Renovated
    1982/2020
    Buildings
    1
    Stories
    8

    Unit(s) available at that property

    Space
    Suite 140
    Size
    6,722 SF
    Rate per SF
    $19
    Space
    Suite 126
    Size
    2,187 SF
    Rate per SF
    $19
    Space
    Suite 180
    Size
    890 SF
    Rate per SF
    $19
    Space
    Suite 255
    Size
    8,755 SF
    Rate per SF
    $19
    Space
    Suite 465
    Size
    3,060 SF
    Rate per SF
    $19
    Space
    Suite 445
    Size
    1,762 SF
    Rate per SF
    $19
    Space
    Suite 425
    Size
    1,175 SF
    Rate per SF
    $19
    Space
    Suite 568
    Size
    1,565 SF
    Rate per SF
    $19
    Space
    Suite 545
    Size
    4,417 SF
    Rate per SF
    $19
    Space
    Suite 524
    Size
    3,006 SF
    Rate per SF
    $19
    Space
    Suite 660
    Size
    17,222 SF
    Rate per SF
    $19
    Space
    Suite 645
    Size
    1,682 SF
    Rate per SF
    $19
    Space
    Suite 621
    Size
    3,465 SF
    Rate per SF
    $19
    Space
    Suite 750
    Size
    29,507 SF
    Rate per SF
    $19
    Space
    Suite 220
    Size
    1,270 SF
    Rate per SF
    $19
    Space
    Suite 134
    Size
    1,760 SF
    Rate per SF
    $19
    Space
    Suite 200
    Size
    1,400 SF
    Rate per SF
    $19
    Space
    Suite 206
    Size
    371 SF
    Rate per SF
    $19
    Space
    Suite 230
    Size
    2,071 SF
    Rate per SF
    $19

    HighLights

    • Class A office and medical space, up to 29,000 contiguous square feet available.
    • Atrium amenities, including access to retail, banking, daycare, and a food court; building conference room available.
    • QLINE rapid transit access; all bus routes accessible.
    • Excellent walkability to Wayne State University and Henry Ford Hospital; connected by walkway to 2 million square feet of office space.
    • Walk Score: Walker's Paradise (94), Transit (55), Biker's Paradise (89).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America Financial ... Bank Detroit Caring Dentistry Dentist Wilson Felicia DDS Prosthodontist WeldonIT Software Company Henry Ford Medical ... Medical Clinic

    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
    -83.0762186
    Latitude
    42.3700752

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    FAQs

    What type of property is this?
    Restaurant - Class A Detroit Office Building, 19 Suites Available
    Where is this restaurant located?
    The property is located at 3031 Grand Blvd Detroit, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Class A office and medical space, up to 29,000 contiguous square feet available.; Atrium amenities, including access to retail, banking, daycare, and a food court; building conference room available.; QLINE rapid transit access; all bus routes accessible.
    Request Owner's contact information
    3031 Grand Blvd Detroit, MI 48202
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    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

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    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
    3031 Grand Blvd Detroit, MI 48202
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