1924 & 1927 Rosa Parks Boulevard

Industrial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30641716
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 278,797 SF
Gross Building Area: See Agent
Gross Land Area: 7.74 Acres
Sale Price: $15,000,000
Unit Price: $53.80 PSF
Ceiling: 12 ft. / 18 ft. Clear
Docks/Doors: 8 Docks, 24 Doors
Drive In Bays: 24 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: 1924 & 1927 Rosa Parks Boulevard
Usable Size (USF): 278,797 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 12/5/2022

Overview / Comments

Buildings are located in the Opportunity Zone. Located in the heart of Corktown within walking distance to Corktown retail, restaurants and bars. Portion of 2nd floor replaced. Majority of roof replaced in 2016.

2-Building Portfolio For Sale:
- 1924 Rosa Parks Blvd: 7,000 Sq. Ft. warehouse building
- 1927 Rosa Parks Blvd: 271,797 Sq. Ft. warehouse building

Parcel ID #: 08-0074-925, 08-008252-7, & 08-008258-67.

Two building portfolio is available for $15,000,000.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $56,067 (Annual)
Finance Data Year 2019
Real Estate Taxes - Annual($) $55,012 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Taxing Authority: Detroit
Tax ID/APN: See Comments
Zoning: INDUSTRIAL
Property Located Between: Bagley Street
Highway Access: I-75
Site Description: Ample/Fenced
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Steel/Masonry
Parking Type: Surface
Parking Description: Ample/Fenced
Overhead Cranes: Undisclosed
Sprinklers: Other
Amps: 600
Volts: 220
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Other
Lighting: Fluorescent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,825 113,457 303,102
Median Age: 40.05 35.14 35.05
Households: 5,911 48,098 117,903
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