Detroit Industrial Property For
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1634 E Grand Boulevard, Detroit, MI 48211
Industrial property with value-add opportunity in Detroit's revitalizing Packard corridor.
Property Size184,738 SF
Lot Size3.00 Acres
Days on Market1257
Property Features for 1634 E Grand Boulevard
General Information
Standard status
Active
Size
184,738 SF
Lot size
3.00 Acres
Property subtype
Industrial
Occupancy
89%
Lease Type
Modified Gross
Investment Type
Value Add
Listing Agency:
Signature Associates
Listed By:
Peter Vanderkaay · License #MI 6501388318
(248) 359-3837
Source:
Crexi
Added: Apr 25, 2023
Changed: Oct 1
Last Checked: Oct 1 at 11:44AM
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 Signature Associates
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 48211, MI
5,447
Population
2,518
Households
2.2
Avg Household Size
32
Median Age
16%
College-Educated
74%
High-School Grad
4.2 sq mi
ZIP Area
1,297
Density / Sq Mi
$33,347
Median Household Income
$23,172
Median Earnings
$985
Median Rent
$66,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Detroit, MI
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Frequently Asked Questions
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 1634 E Grand Boulevard 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.
