1134 Griswold St Detroit, MI 48226

This exceptional 0.4-acre redevelopment opportunity presents a unique chance to capitalize on a prime location in Detroit's Central Business District. The property, encompassing 79,960 square feet, is situated at 1134 Griswold St and 35 State St, in the heart of Capitol Park, and is the last remaining undeveloped site in this vibrant area. The existing six-story building, constructed in 1938, is currently vacant, offering a blank canvas for a wide range of development possibilities. Zoned B5 (Major Business District), the property allows for diverse uses including hospitality, multi-family residential, mixed-use projects, and retail establishments. This strategic location benefits from proximity to significant area developments such as The Stott, The Albert, Book Tower, Hudson's Site, and the Westin Book Cadillac. The property's APN is 02-001993. Furthermore, its location within a Qualified Opportunity Zone presents attractive tax advantages for investors. This is a truly exceptional opportunity to create a landmark development in a rapidly revitalizing urban core. The property's size and zoning provide significant flexibility for a variety of development concepts, making it an ideal investment for discerning developers seeking a high-impact project in a thriving market.