WEST DOWNTOWN DEVELOPMENT OPPORTUNITY

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F O R S A L E

WEST DOWNTOWN

DEVELOPMENT OPPORTUNITY

2 2 1 9 0 M I C H I G A N A V E • D E A R B O R N , M I 4 8 1 2 4

S a l e P r i c e : $ 3 2 5 , 0 0 0

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The City of Dearborn is offering an opportunity to acquire and develop prime property located at 22190 Michigan Avenue in Dearborn, Michigan (“Property”).

Situated in the heart of the West Downtown District, it is zoned Business C, allowing for the highest intensity of commercial use.

It is the intent of this offering to identify a developer that will redevelop the Property in a way that contributes to the revitalization and continued improvement of the West Downtown District. It is important for the City to see viable, interesting redevelopment occur to

strengthen the mix of uses and position the Property as part of an exciting and sustainable future in a walkable, destination downtown district.

Submission Instructions can be found further within.

E X E C U T I V E S U M M A R Y

© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

F O R M O R E I N F O R M A T I O N C O N T A C T :

A.J. RICH Senior Associate +1 249 936 6860 [email protected]

ANNE RAHM Midwest Regional Manager

+1 313 808 0717 [email protected]

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• SALE PRICE: $325,000

• Zoned: West Downtown District

• Tax Parcel Number: 82-09-221-08-004

• Shovel ready development in the heart of Dearborn’s West Downtown

• 0.20 Acres (70 X 116)

• Within two mile radius of Ford World Headquarters, University of Michigan - Dearborn Campus, and The Henry Ford

P R O P E R T Y F E A T U R E S

Michigan Ave Michigan

Ave

Howard St

Garrison St

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W H Y D E A R B O R N ?

THE HISTORY

West Dearborn development efforts date back to the early 1830’s when the Detroit/Dearborn Arsenal was established as a military outpost at the intersection of Michigan Avenue and Mason Street in the center of today’s West Dearborn Downtown Development Authority (WDDDA) District. The district has evolved over nearly two centuries to be a place of commerce, a business and finance center, and a regional entertainment destination for tourism and hospitality.

RECENT DEVELOPMENTS

Most recent infrastructure improvements to the district include:

the resurfacing of Michigan Avenue, development of a festival street and streetscapes related to the Wagner Place Project, the redesign and the resurfacing of all city-owned parking areas in the district, a new Intermodal Passenger Rail Station at the east end of the District and upgrading the non-motorized pedestrian and bicycle system to provide better access to facilities and amenities in and around the district.

Ford Motor Company and Ford Land have completed the new Wagner Place mixed-use project, which brings 150,000 square feet in two buildings and adds 600 Ford employees to the downtown population. A new Hampton Inn was also

constructed within the last five years along with several new restaurants and businesses.

DTW Airport

35 mi

12 mi

8 mi

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W H Y D E A R B O R N ?

The City of Dearborn is one of the premier economic cities in Wayne County and all of Michigan with companies like Beaumont Health, Ford Research & Engineering Campus, and Ford Motor Company’s World Headquarters. Dearborn is also home to the Ford River Rouge Complex, University of Michigan - Dearborn Campus, Henry Ford College, Beaumont Hospital, Dearborn Country Club, TPC Michigan, The Henry Ford Museum, Greenfield Village, and the Arab American National Museum. Dearborn’s proximity and central location relative to other large business hubs in Metro Detroit make it an ideal choice for large companies and residents. More recently, Dearborn has seen an influx of new office and retail development that has invigorated the Downtown area.

The Property is located in the West Downtown District which is a key commercial development priority for the City of Dearborn. The District has become a traditional, walkable destination with historic significance. Approximately one mile from the interchange of Michigan Avenue (U.S.-12) and the Southfield Freeway (M-39), it is one of the busiest commercial areas in the Greater Detroit region, with an average of 40,000 vehicles per day (VPD) on Michigan Ave, and 100,000 VPD on the Southfield Freeway. The Henry Ford:

America’s Greatest History Attraction is located adjacent to the district, attracting nearly two million visitors per year to Michigan’s largest tourist destination.

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World Headquarters

River Rouge Complex

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F U T U R E L A N D U S E

Ford Rd

Rotunda Dr

SchaeferRd

MillerRd

Outer Dr

GreenfieldRd

Southfield Fwy

GulleyRd TelegraphRd WyomingAve

Dartmouth

Hubbard Dr

Warren Ave

OakwoodBlvd Village Dr

Tireman Ave

Cherry Hill

Military

DixAve

MercuryDr

Military OuterDr

Detroit

De tro

it

Detroit Melvin

dale

Allen Park

Dearborn Heights

Evergreen

Rd

Michigan Ave Dearborn

Country Club

Henry Ford College

University of Michigan-Dearborn

Henry Ford Museum/

Greenfield Village Divine

Child School

Dearborn SchoolHigh

Ford Research &

Engineering Complex Fairlane Destination

District

Ford Motor Company World

Headquarters

TPC Michigan Golf Course

Edsel Ford

High School Oakwood

Hospital

Community &Ford Performing Arts

Center Dearborn

Administrative Center

WoodsFord Park

Fordson High School

Ford River Rouge Complex Golf Club

Dearborn Hills

OuterDr

MillerRd

¤£12 153

39 153

39

£¤24

¤£24

¤£12

§ ¨

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⁹⁴

Michigan Ave

7.17.14

0 0.5 1 mile

Future Land Use Map

City of Dearborn

Wayne County, Michigan

Map Source: City of Dearborn, 2013

LEGEND

Recreation &

Natural Features Rouge River

Low Density Medium Density High Density Natural Features

Great Neighborhoods

Town Center Vehicle Oriented Shopfront Artisan & Innovation TOD

Mixed Use Centers

Employment, Research & Development

Civic, Cultural, Medical, Higher Education & Tourism

Logistics Manufacturing Knowledge Sectors

Industrial

The City proactively created a Dearborn 2030 Master Plan that depicts the visions, goals, objectives and implementation plans for future growth and development within the City. The plan which can be accessed at the City of Dearborn’s website (www.cityofdearborn.org) represents a vision for the future of the City - a vision to preserve and enhance the best characteristics for the City while making the most of the opportunities that come with new development. Found in the plan is the map below indicating future plan uses:

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Offers should be prepared succinctly and with enough detail to evaluate the vision and plan for successful redevelopment. The Developer shall

demonstrate the capacity to complete a project within 18 months of the purchase of the Property. The site will be sold to the successful Developer based on the evaluation of the proposals and presentation interviews made by a short list of preferred proposals as evaluated by the City’s selection team.

It is important to note that when the former buildings on this site were

demolished, some of the foundations and basement floors remained in place underground which will be the responsibility of the Developer. Typically, downtown redevelopment may require leaving parts of the foundations along the road edges and adjacent to adjoining buildings to assure existing

infrastructure is not undermined. New foundations will need to take these conditions into account.

The property is being offered for sale “as is” with no other warranties or representations regarding its condition. The Developer is encouraged to undertake sufficient due diligence to complete the sale. The site will be sold via a Covenant Deed with a Right to repurchase if the proposed development is not constructed.

S U B M I S S I O N I N S T R U C T I O N S :

P L E A S E S U B M I T O F F E R S T O :

A.J. RICH Senior Associate +1 249 936 6860 [email protected]

ANNE RAHM Midwest Regional Manager

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C O N T A C T U S

A.J. RICH Senior Associate +1 249 936 6860 [email protected] ANNE RAHM Midwest Regional Manager

© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.