1426 Bagley St
Detroit, MI 48216
Retail Property For Sale

Corktown is a historic district located just west of Downtown Detroit. It is the oldest neighborhood in the city. The current boundaries of the district include I-75 to the north, the Lodge Freeway to the east, Bagley and Porter streets to the south, and Rosa Parks Boulevard (12th Street) to the west. The neighborhood was listed on the National Register of Historic Places in 1978. The Corktown Historic District is largely residential, although some commercial properties along Michigan Avenue are included in the district. The residential section is listed on the National Register of Historic Places and is designated as a City of Detroit Historic District. The neighborhood contains many newer homes and retains some original Irish businesses A major redevelopment push in the area was started by the Ford Motor Company, which began development on an urban campus in Corktown in 2017 with its purchase, renovation and occupation of The Factory building at Michigan Ave. and Rosa Parks Blvd. Ford later bought other parcels of land in Corktown, including the Michigan Central Station and the adjacent Roosevelt Warehouse. Ford plans a new $740 million Corktown campus, including 1.2 million square feet of mixed-use development spread over the Michigan Central Station, Roosevelt Warehouse, the Factory building at 1907 Michigan Avenue, and build a new mixed-use 290,000-square-foot, four-story building on the vacant brass factory building site, known as "The Alchemy", at 2051 Rosa Park Blvd. Ford also announced plans to build two new parking structures. The focus of the Corktown campus will be on autonomous vehicles and electric vehicles. Ford expects to move 2,500 of its employees to the campus with space for an additional 2,500 entrepreneurs, technology companies and partners related to Ford's expansion into Autos 2.0. Ford is also seeking $104 million in tax breaks from the city as part of a $250 million incentive package over 34 years.