2001 Brewster St Detroit, MI 48207
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.