2607 14th Street

Corktown
$2,050,000
15,600 Square Feet

Development opportunity in Corktown within the $700-million Ford Corktown Campus investment, which promises 5,000 new jobs in a three-block radius. Anchoring the high-trafficked 14th Street intersection, the property is located one block from the iconic train station, currently undergoing a $350-million renovation by Ford Motor Company. Within the Greater Corktown Neighborhood Framework Plan, the area expects a demand up to 1,100 new residential units over next 10 years. Includes 42,000-square-feet of land along 14th/15th Streets as well as a 15,500-square-foot brick building. Zoned R-2/R-3, suitable for +/- 80 residential units, including the redevelopment of the existing building, and new construction apartment building and townhomes. Close proximity to all major freeways; walkable to all the neighborhood amenities; a half mile from the Detroit Riverfront. Corktown demands high rents and sale comps, with rental comps up to $2.50/square foot and condo comps up to $450/square foot.

 

James Tumey
586 419 6271
jtumey@oconnordetroit.com