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    1927 Rosa Parks Blvd Detroit, MI 48216

    For Lease
    $2 SF/Yr

    Corktown Warehouse, Multiple Units Available

    Lot size:
    271,797 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional industrial property, located at 1927 Rosa Parks Boulevard in Detroit, Michigan, offers a unique opportunity for businesses seeking flexible warehouse or manufacturing space. The property comprises two buildings totaling 271,797 square feet, situated on a 3.89-acre lot. Built in 1921, the buildings feature a combination of 14' to 18' ceiling heights, ideal for various industrial uses. Seven dock-high doors provide efficient loading and unloading capabilities. The property is zoned B6, General Business, Industrial, allowing for a wide range of permitted uses. Multiple tenancy options are available, with spaces ranging from a minimum of 805 square feet to a maximum contiguous space of 123,000 square feet. Currently, 136,862 square feet is vacant and ready for immediate occupancy. The property includes 31 total parking spaces for employees and visitors. Its prime location in the Corktown submarket of Detroit, West of Woodward, offers easy access to major transportation routes and is conveniently located near the revitalized Michigan Central Station, along with numerous restaurants, shops, and bars. The Wayne County property (APN: 08-0082527) presents a compelling investment opportunity in a rapidly developing area of Detroit. This is a rare chance to secure substantial industrial space in a vibrant and up-and-coming neighborhood.

    Property Features for 1927 Rosa Parks Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    271,797 SF
    Total Rate
    56624.38

    Building Details

    Year Built
    1921
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor Space 1
    Size
    6,393 SF
    Rate per SF
    $10
    Space
    1st Floor Space 2
    Size
    2,487 SF
    Rate per SF
    $6
    Space
    1st Floor Space 3
    Size
    805 SF
    Rate per SF
    $6
    Space
    1st Floor Space 4
    Size
    2,676 SF
    Rate per SF
    $10
    Space
    2nd Floor Office
    Size
    1,501 SF
    Rate per SF
    $10
    Space
    2nd Floor warehouse
    Size
    123,000 SF
    Rate per SF
    $2

    HighLights

    • First‑floor suites available: 6,393 SF office/warehouse; 2,487 SF warehouse; 805 SF warehouse; 2,676 SF office.
    • Second‑floor suites available: 1,501 SF office.
    • 123,000 SF warehouse available at $2.50/SF.
    • Located in an Opportunity Zone.
    • Majority of roof replaced in 2016.
    • Dock‑high and grade‑level loading.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Infinite Technologies LLC Electronics Manufacturer Old Newsboy Goodfellow ... Non-Profit Organization Vetbuilt Services, Inc. Employment Agency BHULLAR IMPORTS Store Electric Electric Utility Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0710777
    Latitude
    42.3291275

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    FAQs

    What type of property is this?
    Distribution property - Corktown Warehouse, Multiple Units Available
    Where is this distribution property located?
    The property is located at 1927 Rosa Parks Blvd Detroit, MI.
    What is the lease rate?
    The lease rate is $2-$10 SF/Yr.
    What are key features of this property?
    This property features: First-floor suites available: 6,393 SF office/warehouse; 2,487 SF warehouse; 805 SF warehouse; 2,676 SF office.; Second-floor suites available: 1,501 SF office.; 123,000 SF warehouse available at $2.50/SF.
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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
    1927 Rosa Parks Blvd Detroit, MI 48216
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