Office Space
2550 West Grand Boulevard Detroit, MI 48208
Details & Description
Price: $3,950,000
    The subject property, 2550 W Grand Blvd, is located in the La Salle Gardens district of Detroit, just west of the Henry Ford Hospital. The 35,880 sq ft office building is situated on a large lot that provides ample gated parking for a future user and in close proximity to the core of the city's highway system, Woodward Avenue, M-10, I-94 and I-96. The owners are seeking a credit tenant to occupy the space. Terms TBD by the use, credit of tenant and required Tenant Improvements. The owners would also consider a sale at the price of $3,950,000.
    Property Highlights
    Additional Photos
    Listing Agents
    Ben Israel

    O: 248-320-9767
    M: 248-505-8710
    israel@farbman.com
    Todd Szymczak

    O: 248-351-4378
    M: 248-841-5007
    szymczak@farbman.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2550 West Grand Boulevard

    Detroit, MI 48208

    Listing ID: 249058
    • 2550 West Grand Boulevard Detroit, MI 48208 | for Sale | Photo 1
    • 2550 West Grand Boulevard Detroit, MI 48208 | for Sale | Photo 2
    • 2550 West Grand Boulevard Detroit, MI 48208 | for Sale | Photo 3
    • 2550 West Grand Boulevard Detroit, MI 48208 | for Sale | Photo 4
    2550 West Grand Boulevard | for Sale | Thumbnail 1
    2550 West Grand Boulevard | for Sale | Thumbnail 2
    2550 West Grand Boulevard | for Sale | Thumbnail 3
    2550 West Grand Boulevard | for Sale | Thumbnail 4
    Building Size: 35,880 SF
    Lot Size: 3.310 AC
    Land Size: 144,183 SF
    Building $/SF: $110.09
    Land $/SF: $27.40
    Price
    $3,950,000
    Property Highlights
    Available For Sale and Lease
    Large Open Floor Plans plus Perimeter Offices
    195 Gated Parking Spaces
    Located within Walking Distance to Henry Ford Hospital and the Detroit Pistons Practice Facility.
    Close to Strong Submarkets Including New Center, Midtown and Wayne State University.
    Description

    The subject property, 2550 W Grand Blvd, is located in the La Salle Gardens district of Detroit, just west of the Henry Ford Hospital. The 35,880 sq ft office building is situated on a large lot that provides ample gated parking for a future user and in close proximity to the core of the city's highway system, Woodward Avenue, M-10, I-94 and I-96. The owners are seeking a credit tenant to occupy the space. Terms TBD by the use, credit of tenant and required Tenant Improvements. The owners would also consider a sale at the price of $3,950,000.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Detroit History of Office Space for Sale

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    Detroit Area Market Trends

    Listing Demographics for 2550 West Grand Boulevard Detroit, MI 48208

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,689123,196338,103
    Population Median Age383736
    Population by Age0-9 Yrs1428 (11%)15433 (12%)47036 (13%)
    10-19 Yrs1500 (11%)15794 (12%)48126 (14%)
    20-29 Yrs2529 (19%)23998 (19%)58431 (17%)
    30-39 Yrs1553 (12%)15420 (12%)42488 (12%)
    40-49 Yrs1447 (11%)13824 (11%)38328 (11%)
    50-59 Yrs1473 (11%)14842 (12%)40993 (12%)
    60-69 Yrs1380 (10%)13596 (11%)34046 (10%)
    70+ Yrs1378 (10%)10288 (8%)28654 (8%)
    Median HH Income$20,366$24,945$27,927
    Total Household Income< 24K3708 (57%)26109 (50%)60055 (46%)
    25-49K1311 (20%)12580 (24%)33434 (25%)
    50-74K744 (11%)5968 (11%)16502 (12%)
    75-99K355 (5%)3261 (6%)8722 (6%)
    100-199K326 (5%)3400 (6%)9682 (7%)
    200K+36 (0%)819 (1%)2029 (1%)
    Highest Education LevelNo Diploma14541725651909
    Diploma or GED27072460564983
    Some College22231810547639
    Assoc. Degree405468112292
    Bachelors Degree978884121835
    Higher Degree811630515499
    Total Housing Units9,84280,317186,720
    --Owner-Occupied1,68017,68653,783
    --Renter-Occupied4,79934,45176,642
    Owner-Occupied Values< 100K10661244338892
    100-199K25825548183
    200-299K23513743542
    300-399K575621498
    400-499K52378710
    500K+12376957
    Total Working Age Population10,44099,371262,886
    In Work Force5,47051,260134,272
    Not In Work Force4,97048,111128,614
    Workforce Employed4,74844,212115,630
    Workforce Unemployed7226,99718,580
    Civlian Workforce5,47051,209134,211
    Military Workforce05061
    Total Households6,47952,137130,425
    Family Households2,37821,87564,323
    Non-Family Households4,10130,26266,101
    Married Couple6398,32928,607
    Other Family1,73913,54635,717
    Married w/Child1623,50913,603
    Single Male w/Child1248992,905
    Single Female w/Child1,0965,98714,699

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Oakland County1,194,156+11,202,362+51,264,515+71,350,052
    Wayne County2,061,162-121,820,584-41,741,463-11,730,000

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2550 West Grand Boulevard in Detroit?
    The asking price for 2550 West Grand Boulevard is $3,950,000
    What is the building size of this Office property in Detroit, MI?
    The size of the building/unit at 2550 West Grand Boulevard in Detroit is 35,880 square feet
    How much land does the Detroit, MI property at 2550 West Grand Boulevard include?
    2550 West Grand Boulevard in Detroit includes 3.310 acres of land
    What kind of Office is the propery at 2550 West Grand Boulevard?
    The property at 2550 West Grand Boulevard Detroit, MI 48208 is listed as a Professional Office property
    What is the population within 1 mile of 2550 West Grand Boulevard in Detroit?
    The population within 1 mile of 2550 West Grand Boulevard Detroit, MI 48208 is 12,689 people.
    Who do I contact for questions about 2550 West Grand Boulevard?
    You should contact the listing agent, Ben Israel, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Detroit Metropolitan Wayne County Airport (DTW) 17
    Toledo Express Airport (TOL) 65
    Cleveland Hopkins International Airport (CLE) 92