2990 Grand BlvdDetroit, MI 48202

Property Details for 2990 Grand Blvd

Year built

1910

Lot size

0.16 AC

Property size (Sq ft)

6,192 SF

Zone code

B4

Property type

Office properties

Property subtype

Office buildings

APN

01001956.001

APU

1001956001

Description

This five-story, 76,000 square foot Class B building at 2990 W Grand Blvd in Detroit's New Center offers flexible office and retail space. Built in 1945 and renovated in 2013, it features timeless architecture and open floor plans, allowing for custom tenant build-outs. Units range from 500 to 10,358 contiguous square feet, with multiple tenancy options available for immediate occupancy. The building includes elevators and offers negotiable parking. Its prime location provides easy access to the Q-Line, New Center Park, and numerous amenities within this vibrant live-work-play district. Situated just west of Woodward and Grand Boulevard, it's bordered by the Virginia Park Historic District, Ford Freeway, John R, and the Lodge Freeway, offering excellent connectivity and visibility. The building's adaptable spaces cater to various business needs, from traditional offices and executive suites to coworking arrangements. This location offers a blend of historic charm and modern convenience, making it an ideal choice for businesses seeking a prestigious and accessible Detroit address.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,846

  6.5%

  $1,188,780

  7%

  $1,103,868

• Comparable approach

  Method

  Valuation

  Relative Method

  $579,200

  Geo Method

  $579,200

• Alternative Use

  Use

  Valuation

  Residential

  $1,474,088

  Hospitality

  $1,350,257

  Educational

  $1,123,398

  Medical

  $1,162,033

  Retail

  $1,747,507

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3721

Longitude

-83.0693

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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