For Sale
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1134 Griswold StDetroit, MI 48226

Prime Detroit location, 79,960 SF, mixed-use potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Prime redevelopment opportunity in Detroit's Central Business District.
  • Last undeveloped site in Capitol Park.
  • 0.40-acre site with 79,960 square feet of potential building area.
  • B5 Major Business District zoning.
  • Suitable for hospitality, multifamily, mixed-use, and retail development.
  • Near The Stott, The Albert, Book Tower, Hudson's Site, and Westin Book Cadillac.

Property Details for 1134 Griswold St

Property type
Retail properties, Mixed-use properties
Square Feet
79,960 SF
Year Built
1938
Stories
6
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3322627
Longitude
-83.0485794
1134 Griswold St, Detroit, Michigan

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1134 Griswold St
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