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Investment Highlights
- Located in Detroit’s desirable Corktown neighborhood, directly across from Ford’s Michigan Central Station redevelopment.
- Includes nearly one acre of land, allowing for expansion or complementary development.
- Within walking distance to Michigan Avenue and other vibrant amenities, providing strong connectivity to Downtown Detroit.
- Features six stories of historic architectural character with open floor plans and high ceilings, ideal for adaptive reuse or mixed-use conversion.
- Proximity to notable neighbors including Southwest Greenway, Honeybee Market, and popular restaurants like Slows BBQ and Mercury Burger Bar.
- Positioned in an Opportunity Zone, offering potential tax advantages for investors.
Executive Summary
In a prime location with excellent visibility, the six-story, 21,674-square-foot historic CPA building on Michigan Avenue is the perfect property for an adaptive reuse conversion. Located directly across from Ford’s Michigan Central Station on Michigan Avenue, this opportunity includes almost one acre of land in Detroit’s highly desirable Corktown neighborhood. The open floor plan and high ceilings make this a perfect blank canvas for developers or users seeking a central location in one of the city’s fastest-growing neighborhoods. Adjacent land directly west on Michigan Avenue can be included in the sale to expand the site. Neighbors: Michigan Central Station, Ford Motor Company, Level 3 Communications, Southwest Greenway, Honeybee Market, Airspace Link, Ford Motor Co.’s Book Depository, New Lab Michigan Central, Detroit Bus Company, IMA, Slows BBQ, Metropolis Cycles, Mercury Burger Bar, Grandma Bob’s, Corktown Health Center, Detroit Public Safety Academy and UPS Detroit International Import Hub
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
21,674 SF
Building Class
B
Year Built/Renovated
1924/1983
Price
$2,526,000
Price Per SF
$116.55
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
3,613 SF
Building FAR
0.53
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial Zoned District
Amenities
- Metro/Subway
- Signage
- Reception
- Storage Space
- Central Heating
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,137,800 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,137,800
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