Property History
Property Type
Property Type
Property Subtype
Marketing Description
The subject property is a shovel ready parcel located at the corner of East Jefferson and East Grand Blvd, situated directly across the street from MacArthur Bridge to Belle Isle. Belle Isle is one of Detroit's most prominent recreational amenities. The 982 acres island park was developed in the late 19th century, and is the largest city owned park in the United States.
Belle Isle is one of the largest attractions to Detroit and Metro Detroit Residents. The island is home to Belle Isle Aquarium, Belle Isle Conservatory, Belle Isle Nature Center, James Scott Memorial Foundation, Dossin Great Lakes Museum, a municipal golf course, beaches and parks. The estimated 2019 attendance on Belle Isle is 4MM+ park visitors in the summer. Since 2014 over $75MM has been invested in improving Belle Isle.
The subject property was previously home to a Big Boy restaurant for over 50 years before closing its doors in 2017. The land is now ready for a redevelopment that will benefit from spectacular views along with high traffic counts.
Investment Highlights
- Outstanding Development Opportunity: 20+ Stories of multifamily
- 1.05 +/- Acres (43,720+/- SF)
- Zoned B4
- Shovel Ready
- Sale Price: Contact Agent(s) for Pricing
- Shovel Ready Development Opportunity
- 266" Frontage along E Jefferson
- Located at the Entrance of Belle Isle
- Former Big Boy restaurant location
- Site was planned for a High Rise residential tower
- Surrounded by ample green space
- 22,000 + Cars Daily (2020)
- 2 Miles from Central Business District
- 4MM+ Belle Isle Park Visitors (2019)
- Within 1.5 Miles of Subject, Over 1,700 New or Recently Renovated
- Multi-Family Residential Units Added within Last 4 Years
Loan History
Financial History
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Zoning
SD4 MixedMixed UseSpecial Development District And Riverfront Mixed Use
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 267 uses
View all 267 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Gavin Mills PRO
•••.•••.2717
•ills@•••••••.com
Map
Comparable Properties
Rental Market Overview
Detroit, MI median rent ******** *** ****** **** *** ******** ***
National median ********
Compare median rents across marketsStudio ********
1 bed ********
2 bed ********
Studio ********
1 bed ********
2 bed ********
Studio ********
1 bed ********
2 bed ********
Detroit, MI (this market)
Hamtramck, MI
Highland Park, MI
Does any data look off? Help us improve Crexi by offering your feedback!
