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20880903
20880902

16119 E Warren Ave, Detroit, MI 48224

CR
MI 6501302819
Summit Commercial LLC
Summit Commercial LLC
Listed by Summit Commercial LLC
$128,000
568 days on market
Updated 170 days ago

16119 E. Warren

Details
Property Type Multifamily, Office (+1)
Sub Type Storefront
Square Footage 4,010
Net Rentable (SqFt) 4,280
Units 6
Class C
Year Renovated 2024
Buildings 2
Stories 2
Acreage 0.092
Zoning B4

Units available for full rehab

Marketing description

In partnership with the Detroit Building Authority (DBA), the city of Detroit's Neighborhood Economic Development (NED) team seeks proposals from qualified entities to rehabilitate a mixed-use development in the heart of the Morningside Community. The development site is located at 16119 East Warren, on the north side of the corridor between Bedford and Devonshire Streets. The site is approximately .1 acres and boasts a two-story structure built to the property line. On the first floor, there are 2,140 SF of commercial space split into two retail bays, each with their own entrance off of East Warren. The second floor is also 2,140 SF and has four separate residential units. Recently, the City invested just under $200,000 to ‘greybox’ the space, which included repairing masonry, replacing windows and doors, installing a Duro-Last Roof System and trashing out the interior of the structure. The City also conducted a Phase I environmental assessment on the site, as well as a materials assessment. Please see Exhibit A for more information on the greyboxing scope of work. A Phase I and Materials assessment will be provided to the selected applicant before entering into a PA. The city of Detroit seeks feasible proposals for redevelopment that will build upon the inherent strengths of the site and integrate the site seamlessly with the surrounding neighborhood.

Investment highlights

DESIRED DEVELOPMENT PROGRAM www.summitcommercialllc.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to lease or purchase. For more information: (313) 872-1300 The City seeks a mixed-use redevelopment for the site at 16119 E Warren. Commercial space should prioritize retail over office space to contribute to and increase foot traffic along the corridor. The site is currently zoned B4, which allows for a wide variety of uses by-right. These include restaurants, coffee shops, small-format grocery, pharmacy, dry cleaning, and other retail business types. Residential units can be redeveloped either at or below market rate and are also by-right given the previous use. The location of the site on a High Frequency Transit Corridor will allow for parking reductions, contingent on proposed use(s). Respondents will be responsible for conducting their own due diligence on what additional zoning and permitting approvals, if any, may be required. The City of Detroit will work with the selected development team to identify eligible abatements, incentives and other financial support, as needed. This may include gap financing through the Strategic Neighborhood Fund. KEY DATES • Marketing Open – Monday, December 2, 2024 • Open Showing(S) – DEC 13th 1-3pm & JAN 10th 11am–1pm • Bids Due – Tuesday, January 21, 2025

Listing Contacts

CR
MI 6501302819
Summit Commercial LLC
Summit Commercial LLC
Listed by Summit Commercial LLC

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