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Existing building with industrial characteristics suitable for repurposing
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Scored using engine v1 · 10/19/2026
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This 89% occupied multi-tenant property sits on 3.0 acres one block from I-94 in Detroit's Packard Plant corridor, offering immediate cash flow with rents currently in the $6.00 modified gross range and near-term upside as leases convert to triple-net. Recent capital improvements by the current owner include new roofs installed as recently as 2016, modernized HVAC systems, and resurfaced parking sections, reducing deferred maintenance concerns around structure and building envelope. The site benefits from direct freeway access along a major east-west corridor and sits across I-94 from a 3 million square foot GM assembly plant. As the city advances demolition of the adjacent 3.5 million square foot Packard Plant complex, the surrounding industrial corridor is positioned for redevelopment, creating long-term optionality for the land parcel while existing tenancy provides interim revenue.
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