4 E. ALEXANDRINE ST | DETROIT, MI 48201
The 4 Alexandrine Land Assemblage represents an exceptional investment opportunity to acquire a remarkable 3.10 Acre piece of developable land with a fabulous location in the thriving Midtown Detroit market. This premiere location is walkable to all that Detroit has to offer including diverse and distinguished art, educational, culinary, employment, and medical institutions.
Detroit is a highly desirable and ever growing culinary and shopping destination and is on a short list of U. S. cities that have all four major professional sports franchises located within the city limits. The Midtown neighborhood continues to be the fastest growing submarket in Detroit. Along with the adjacent neighborhoods such as the CBD, New Center, or Corktown, this location offers exceptional employment opportunities with employers such as The Henry Ford Medical Center, Detroit Medical Center, Wayne State University, GM, Quicken Loans to name a few.
investment highlights
01
Remarkable Location & Visibility on Woodward Ave in the Heart of Midtown, Detroit
02
Located Adjacent to the Detroit Medical Center Campus, and Two Miles South of Henry Ford Health System; Totaling 11 Hospitals & 22,000+ Medical Professionals
03
Proximity to Wayne State University, Whole Foods, Little Caesars Arena / Ford Field / Comerica Park
planned development zoning
Planned developments shall be substantially in accordance with the goals and objectives of the Master Plan, by having a major land use that corresponds to the most general category of land use, which are residential, retail and local services, industrial, mixed use, parks and open space and other, proposed in the Master Plan for the area involved. Planned developments shall provide a desirable environment for the uses proposed and shall not be out of harmony with their general surroundings. The regulations of the district are designed to accomplish this by permitting flexibility in overall development while ensuring adequate safeguards and standards for public health, safety, convenience, and general welfare and, where applicable, encouraging historic preservation.
Developers are advised to confer with the Planning and Development Department or the City Planning Commission to ensure compliance with this Code before investing large amounts of time and energy in preparing plans and proposals. The review and approval procedures for developments on land zoned PD are specified in Article III, Division 4, of this chapter.
Location
Solid Growth
- The population within a one-mile radius of the subject property is home to 22,146 residents as of 2022 and is forecasted to surpass 23,000 residents by 2027.
Large Rental Pool
- 67% of housing units within a one-mile radius are occupied by renters
Sophisticated Workforce
- 68% of workers within a one-mile radius of the subject property are in white collar positions
detroit employment hubs
Detroit Office
28411 Northwestern Hwy
Suite 300
Southfield, MI 48034
248.646.7701
Investment Advisors
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
EJ Wujek
Senior Financial Analyst
248.341.3325
ej.wujek@berkadia.com
Mortgage Banking
Peter Benedetto
Senior Managing Director
248.208.3462
peter.benedetto@berkadia.com
Jillian Maki
Director
248.208.3465
jillian.maki@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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