Last Call: Hot Metro Detroit Properties Hit Auction Block

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Several real estate properties in metro Detroit are hotter than the weather the past few days.

The Bloomfield Village home of recently deceased writer Elmore “Dutch” Leonard goes on sale today for $2.4 million, an online auction for the David Stott building closes at noon, and the former Detroit Free Press building sold for $4 million Wednesday.

The Leonard estate sits on 1.3 lush acres, and includes a pool, tennis court, and a three-car garage. The 1940, 5,000-square-foot home features Pewabic tile, four fireplaces, and a two-story foyer.

“I know for me, as a 23-year real estate professional, this is one of the neatest properties,” says Adam Waechter, an associate broker at Hall & Hunter Realtors in Birmingham. “It’s so neat to work with history.” Leonard died August 20.

Waechter and co-associate brokers Lanie Hardy-Cosgrove and Madelon Ward had received almost 10 calls on the property before it was listed, Waechter says. The listing has an international reach due to Hall & Hunter’s association with Christie’s International Real Estate.

For those interested in commercial property, the deadline to make an offer for the David Stott Building downtown was extended several times Thursday afternoon on auction.com when a bidding war erupted. The final bid was $8.95 million, which met the seller’s reserve price.

The 38-story, 1929 Art Deco skyscraper, at the corner of Griswold and State streets, was designed by Donaldson and Meier.

The 209,410-square-foot Stott building, which is zoned for office and retail, has a reddish granite base and incorporates brick, marble (on the first three floors from the street), and limestone as its surface materials. As with a few other Detroit buildings of the era, the Stott is adorned with architectural sculptures by famed artist Corrado Parducci.

Also downtown, the 14-story former Free Press building, designed by Albert Kahn, sold on www.auction.com for just over $4 million Wednesday.

The historic building, located at 321 W. Lafayette, opened in 1925. The newspaper vacated the building in 1998 and joined the Detroit News in an older Albert Kahn building at 615 W. Lafayette.

 

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