Your email has been sent.
2348-2411 Michigan Avenue
Detroit, MI 48216
Corktown Mixed-Use Development (Ground Lease) · Land For Sale
·
1.44 AC
INVESTMENT HIGHLIGHTS
- High Daytime Population
- Excellent Visibility and Exposure
EXECUTIVE SUMMARY
Proposed Parking structure containing 400 Spaces
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 1.44 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | B-4 - General Business District - provides for business and commercial uses of a thoroughfare-oriented nature. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 1.44 AC |
| Opportunity Zone |
Yes |
| Zoning | B-4 - General Business District - provides for business and commercial uses of a thoroughfare-oriented nature. |
1 LOT AVAILABLE
Lot
| Lot Size | 1.44 AC |
| Lot Size | 1.44 AC |
Unique Ground Lease Opportunity for a Mixed-Use Development Spanning Two City Blocks Directly Across From Michigan Central Station
DESCRIPTION
A new proposed developed situated on approximately 1.44 acres spanning 2 city blocks. This property is directly across Michigan Avenue from Michigan Central Station located in the heart of Corktown. Numerous new developments surround this site making it a great opportunity for investment. Strategic Location: Directly across from Michigan Central Station and near major Detroit landmarks like the Ambassador Bridge, Comerica Park, and Little Caesars Arena. Sizeable Development: 500,000 square feet of proposed space spanning two contiguous city blocks. Mixed-Use Components: Includes residential units, office space, retail, dining, and a hotel with 400 parking spaces. Zoning & Ownership: Zoned as B4 – General Business District, under Fee Simple ownership. Financial Benefits: Eligible for tax abatements such as the Brownfield Tax Increment Financing and the Obsolete Property Rehabilitation Act. Community Impact: Positioned to drive economic growth and innovation in Detroit’s transportation and real estate sectors. Proximity to Amenities: Close to popular Detroit venues, restaurants, and cultural sites like Slows BBQ, MGM Grand, and Wayne State University. Future-Oriented Vision: Aligns with Detroit’s revitalization efforts, offering a blend of historical significance and forward-thinking development. This development is poised to become a hub of activity, blending residential, commercial, and hospitality offerings in a vibrant and growing part of the city.
