2001 Brewster StDetroit, MI 48207

For Sale
$8,000,000

Prime 4-acre Detroit site, 110,000 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3.95-acre redevelopment opportunity in Detroit's Eastern Market presents 110,000 square feet of existing, structurally sound buildings ready for transformation. Located on Brewster Street, this M3-zoned property offers unparalleled potential for a mixed-use development, leveraging its proximity to the Dequindre Cut Greenway and the bustling Eastern Market. Comprehensive due diligence, including a BEA report and environmental assessment, is available. Conceptual plans envision a vibrant mixed-use sub-district with approximately 255,000 square feet of space, encompassing residential units, commercial/maker space, and retail opportunities. The site boasts frontage on Wilkins and St. Aubin streets, providing excellent access and visibility. Its location just four blocks from Gratiot Avenue and a five-minute walk from the Eastern Market sheds ensures high foot traffic and strong potential for success. The asking price is $8,000,000, with a price per square foot of $84.55. This is a rare chance to acquire a large, well-positioned site in a rapidly developing area of Detroit, poised for significant growth and return on investment. The existing buildings are fully secured and weatherproof, providing a solid foundation for your vision. The M3 zoning allows for a wide range of uses, including loft conversions, residential, restaurants, breweries, retail, office, and hotels. This property is ready to deliver on your vision for a thriving mixed-use development.

Highlights

  • 3.95-acre site in Detroit's Eastern Market.
  • 110,000 square feet of existing, structurally sound, and weatherproof buildings ready for redevelopment.
  • M3-zoned property allowing for mixed-use development including residential, commercial, and retail.
  • Adjacent to the Dequindre Cut Greenway, four blocks from Gratiot Avenue, and a five-minute walk from Eastern Market sheds.
  • Comprehensive due diligence including a BEA report and environmental assessment available.
  • Conceptual plans for a 255,000 square foot mixed-use development with approximately 260 residential units and 76,000 square feet of commercial/maker space.

Property Details for 2001 Brewster St

Property type
Multifamily properties, Other office properties
Square Feet
110,000 SF
Lot Size (sq. ft)
172,062 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.35096948
Longitude
-83.035507
2001 Brewster St, Detroit, Michigan

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2001 Brewster St
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