Receiver Directed Sale
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Receiver Directed Sale
4 Properties in Detroit, MI
Investment Highlights
- 9.5-acre Site in Downtown Detroit (Corktown neighborhood) with adjacent private parking lots that can accommodate 900 parking spaces.
- Atrium, outside private picnic area, multiple passenger and freight elevators are just a few of the features.
- Ford Motor Company developing a facility 1/2 mile from this location.
- Property is located in an Opportunity Zone and features Prominent Exposure along the John C. Lodge Freeway.
- Potential for Office and Residential conversion contemplated (multi-family and residential condos, hotel, Office).
- Easy access to I-75, I-96, & I-94
Executive Summary
RECEIVERSHIP DIRECTED SALE - NAI Farbman is pleased to present The Detroit Executive Center (the “Property”), an opportunity for investors to acquire a well-located redevelopment assemblage consisting of two existing office buildings and 4 parking fields which can be improved upon with added development. The parcels CAN BE PURCHASED SEPERATELY. The existing buildings with spectacular Detroit skyline and River views along with high traffic counts, exceptional visibility and access from the Lodge freeway make this a stand-out opportunity to create a unique mixed-use development on the edge of both Corktown and the CBD. Concepts for the site to consider could be a mix of apartments, hotel, office and street level retail.
The parcel descriptions are as follows:
Parcel A - 1240 Abbott Street: 111,374 SF or 2.557 AC
Parcel B - 1245 Abbott Street & 1250 Howard: 103,856 SF or 2.384 AC
Parcel C - 1259 Howard: 81,221 SF or 1.865 AC
Parcel E - 1200 Sixth Street: 119,973 SF or 2.754 AC
Terms negotiable. Ford Motor Company developing a facility 1/2 mile from this location. Property is located in Opportunity Zone. Price is TBD by Market. Call contact for more information!
The parcel descriptions are as follows:
Parcel A - 1240 Abbott Street: 111,374 SF or 2.557 AC
Parcel B - 1245 Abbott Street & 1250 Howard: 103,856 SF or 2.384 AC
Parcel C - 1259 Howard: 81,221 SF or 1.865 AC
Parcel E - 1200 Sixth Street: 119,973 SF or 2.754 AC
Terms negotiable. Ford Motor Company developing a facility 1/2 mile from this location. Property is located in Opportunity Zone. Price is TBD by Market. Call contact for more information!
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 654,690 SF |
| Number of Properties | 4 | Total Land Area | 16.29 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 654,690 SF |
| Total Land Area | 16.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1245 Abbott St, Detroit, MI 48226 | Land | 2.38 AC | - | - |
| 1259 Howard St, Detroit, MI 48226 | Land | 1.86 AC | - | - |
| 1240 Abbott St, Detroit, MI 48226 | Land | 2.55 AC | - | - |
|
Detroit Executive Plaza
1200 6th St, Detroit, MI 48226 |
Office | 654,690 SF | 1971 | - |
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