2048 14th Street Sold

Filled with tons of character and architectural beauty, the subject property is an approximately 37,670-square-foot former school building adjacent to Ford Motor Company’s mobility campus in the Corktown neighborhood of Detroit, which boasts some of the strongest real estate rental and sales rates in the city. The site is positioned just one block from the new Southwest Greenway, which offers protected pedestrian and bike pathways, connecting to the future Ralph C. Wilson Centennial Park. The property will be attractive to a number of potential users and developers who want to put down roots in Detroit’s most exciting neighborhood. Appealing qualities include the substantial parking capacity and flexible floor plan of the building, which allows for several demisable options and uses. It’s a perfect adaptive reuse project with solid bones, the potential for an open floor plan, and additional land zoned B4.

Neighbors

Ford Motor Company, Michigan Central Station, Ford Motor Co.’s Book Depository, Alpino, Folk, Meta Physica Wellness Center, Rocket Data Center, Level 3 Communications, Southwest Greenway, Honeybee Market, Slows BBQ, Airspace Link, New Lab Michigan Central, Detroit Bus Company, IMA, Metropolis Cycles, Mercury Burger Bar, Grandma Bob’s, Corktown Health Center, Detroit Public Safety Academy and UPS Detroit International Import Hub.

Features

• Located directly next to Ford’s Michigan Central Campus
• Situated on 1 acre of land zoned B4
• Within a Qualified Opportunity Zone
• Additional .65 acres located at Marantette and Wabash can be purchased as a package
• Potential for both office and residential mixed-use redevelopment.
• Four means of egress with elevator access on all three floors.
• Limited load-bearing walls allowing for flexible layouts.
• Existing plans for 12 residential units on the 3rd floor
• Potential for rooftop patios with views of Michigan Central and Corktown
• Corktown is one of the best residential rental markets in Detroit
• Located in a Neighborhood Enterprise Zone (NEZ)