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Investment Highlights
- Historic mixed-use campus with established regional recognition.
- Positioned near I-275, I-94, and major employment centers.
- Existing seasonal entertainment operation provides current income.
- Direct frontage and visibility along Michigan Avenue.
- Includes multiple historic structures and extensive parking areas.
- Zoned OB (Office Business) with redevelopment flexibility.
Executive Summary
The Eloise Complex presents a rare opportunity to acquire a landmark mixed-use property along Michigan Avenue in Westland, Michigan. Encompassing approximately 143,526 square feet across 16.47 acres, the property combines historic architecture, existing income generation, and long-term redevelopment potential. The site is home to the former Eloise Hospital campus and the well-known Eloise Haunted Tours attraction, creating a recognizable identity that attracts visitors from throughout Southeast Michigan.
The property includes several historic structures, including the Kay Beard Building and a brick firehouse, along with extensive parking areas and surplus land that may support future redevelopment initiatives. Ownership has completed notable capital improvements, including a new roof, while maintaining an operating seasonal entertainment business that provides current revenue and ongoing public exposure. The combination of existing improvements and available land creates flexibility for a range of future investment strategies.
Positioned with direct frontage on Michigan Avenue, the property benefits from visibility and accessibility within a major regional corridor. Its location near I-275 and I-94 provides connectivity throughout the Detroit metropolitan area, while proximity to major employers, including the Ford Wayne Assembly Plant, supports long-term demand drivers in the surrounding market. Zoned OB (Office Business), the site offers flexibility for residential, office, commercial, hospitality, and mixed-use redevelopment concepts, allowing investors to capitalize on the property's scale, history, and established presence within the community.
The property includes several historic structures, including the Kay Beard Building and a brick firehouse, along with extensive parking areas and surplus land that may support future redevelopment initiatives. Ownership has completed notable capital improvements, including a new roof, while maintaining an operating seasonal entertainment business that provides current revenue and ongoing public exposure. The combination of existing improvements and available land creates flexibility for a range of future investment strategies.
Positioned with direct frontage on Michigan Avenue, the property benefits from visibility and accessibility within a major regional corridor. Its location near I-275 and I-94 provides connectivity throughout the Detroit metropolitan area, while proximity to major employers, including the Ford Wayne Assembly Plant, supports long-term demand drivers in the surrounding market. Zoned OB (Office Business), the site offers flexibility for residential, office, commercial, hospitality, and mixed-use redevelopment concepts, allowing investors to capitalize on the property's scale, history, and established presence within the community.
Property Facts
| Price | $6,500,000 | Building Class | C |
| Price Per SF | $45.29 | Lot Size | 50.00 AC |
| Sale Type | Investment or Owner User | Building Size | 143,526 SF |
| Sale Condition | Redevelopment Project | No. Stories | 5 |
| Property Type | Specialty | Year Built | 1931 |
| Property Subtype | School | ||
| Zoning | OB - Office Business | ||
| Price | $6,500,000 |
| Price Per SF | $45.29 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 50.00 AC |
| Building Size | 143,526 SF |
| No. Stories | 5 |
| Year Built | 1931 |
| Zoning | OB - Office Business |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,936,300 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,936,300
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