Corktown has drawn a record price for a residential loft in Detroit’s oldest neighborhood, a two-level, two-bedroom industrial-style condominium in the historic Grinnell Building at Michigan Avenue and Brooklyn Street.
Sold for $531,313 to an undisclosed buyer, the price represents a cost of $412 per square foot (1,290 square feet), which is one of the highest prices paid for a condominium in Detroit, says Jim Tumey, a senior commercial real estate agent at The Loft Warehouse in Detroit who listed the unit, while his colleague, Jan Dijkers, sold the residence.
Located at Grinnell Place Lofts, the brick and glass structure was built in the early 1900s and was used as a warehouse for Grinnell Brothers Pianos, among other companies. Grinnell operated a store along Woodward Avenue in downtown Detroit, as well.