Millenium Parking Garage For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30361037
Property Subtypes: Parking Facility
Status: Pending
Building Size (RSF): 202,044 SF
Gross Building Area: See Agent
Gross Land Area: 28,988 SF
Sale Price: $15,900,000
Unit Price: $78.70 PSF
Property Use Type: Investment
Building Name: Millenium Parking Garage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2019

Overview / Comments

Offers Due February 28th, 2019.
Please view attached Marketing Package for more information.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: CBD
Taxing Authority: City of Detroit
Tax ID/APN: 02000153.
Zoning: PCA
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino
Property Located Between: W Congress and W Fort
Largest Nearby Street: W Congress
Highway Access: I-75, I-96, M-10, I-94
Area Description: Busy area, Located across the street from Cobo Hall Convention Center and several other entertainment venues and office buildings. Please review attached Marketing Package for more information.
Total Number of Buildings: 1
Number of Stories: 9
Year Built: 1999
Total Parking Spaces: 595
Parking Type: Structure, Roof Top
Parking Description: Fully automated pay stations
Passenger Elevators: 3
Zoning Description: Public Center Adjacent District
Legal Description: N W CONGRESS LOTS 8 THRU 12 EXC TRIANG PT BG E 4.92 FT ON N LINE AND N 39.94 FT AT R A ON W LINE OF SD TRIANG PT BLK 12 MAP OF THE WESTERN ADDN L7 P164 CITY RECORDS W C R 2/68 ALSO TRIANG PT OF LOT 1 BG W 12.08 FT ON S LINE AND S 98.06 FT AT R A ON E LINE OF SD TRIANG PT MILITARY RESERVE L5 P218 CITY RECORDS W C R 2/58 28,988 SQ FT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,662 91,902 269,545
Median Age: 46.03 37.62 35.23
Households: 6,210 41,843 106,540
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