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2348-2411 Michigan Avenue
Detroit, MI 48216

Corktown Mixed-Use Development · Land For Sale · 1.44 AC

Investment Highlights

  • High Daytime Population
  • Excellent Visibility and Exposure

Executive Summary

This proposed development of +/- 500,000 SF is comprised of approximately +/- 115,000 SF of Residential Space, +/- 70,000 SF of Office/Co-Working Space, +/- 100,000 SF of Retail/Restaurant Space, and +/- 150,000 SF of Hospitality.
Proposed Parking structure containing 400 Spaces

PROPERTY FACTS

Sale Type Investment
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 1.44 AC
Opportunity Zone Yes

1 Lot Available

Lot

Lot Size 1.44 AC

Unique 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-000278
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$139,311 CAD

zoning

Zoning Code B-4 (General Business District - provides for business and commercial uses of a thoroughfare-oriented nature.)
B-4 (General Business District - provides for business and commercial uses of a thoroughfare-oriented nature.)
  • Listing ID: 33110056

  • Date on Market: 2024-09-09

  • Last Updated:

  • Address: 2348-2411 Michigan Avenue, Detroit, MI 48216

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