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Seven Downtown Detroit Buildings You Could Buy Right Now

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A good chunk of downtown Detroit's real estate has changed hands in the last two years, but there are still opportunities for aspiring Dan Gilberts. Instead of Campus Martius, however, the cheaper properties are now slightly off the beaten path. If, like us, you're just trying to predict the next big development project, here are seven of downtown's biggest, most important buildings on the market right now.

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1. BEI Building

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601 West Fort Street
Detroit, MI 48226

The BEI Building has 40,000 square feet of office space, but only a third of it is actually in use. Is a residential conversion in order? The large windows and historic architecture (built in 1910) could make for some neat apartments. [ASK: $1,200,000]

2. 1260 Library

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1260 Library Street
Detroit, MI 48226

Tidy and attractive, this little building has gone through three different facades since it was built in 1926. Just across from the Skillman branch of the Detroit Public Library, the building has 19,800 square feet of office space and retail. [ASK: $1,950,000]

3. Michigan Building

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220 Bagley St
Detroit, MI 48226
(313) 962-3171
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Home to the famous theater/parking garage conversion, the Michigan Building is a downtown landmark. It's definitely a fixer-upper, but nothing too drastic (at least by Detroit standards). For a parking garage and 245,000 square feet, the price tag is a steal. [ASK: $3,000,000]

4. 415 Clifford

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415 Clifford Street
Detroit, MI 48226

This building is owned by Wayne County and it's completely vacant, so it's a safe assumption that the maintenance hasn't been great. Built in 1939, the building has 81,000 square feet. [ASK: $3,000,000]

5. Globe Building

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407 East Fort Street
Detroit, MI 48226

Built in 1888, the Globe Building would be a prize for any downtown property baron. Inside, you'll find 58,000 square feet of loft syle office space and a gigantic atrium zone. [ASK: $4,000,000]

6. Marquette Building

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243 West Congress Street
Detroit, MI 48226

The Marquette Building's spot next to Cobo Center makes it all the more valuable. Built in 1899, the Marquette narrowly escaped demolition in the 1970s. The 164,00 square feet is currently used as office space, though the listing describes it as "an ideal residential conversion." [ASK: $6,500,000]

7. Guardian Building's Foot Stool

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511 Woodward Avenue
Detroit, MI 48226

The base of the Guardian Building is home to an unattractive glass pedestal—a product of the 1970s. Naturally, Wayne County owns it, and they've been trying sell for quite some time. But instead of naming an asking price, the county is simply "soliciting offers." If Dan Gilbert hasn't bought it yet, it's probably a bad deal. [ASK: Unknown]

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1. BEI Building

601 West Fort Street, Detroit, MI 48226

The BEI Building has 40,000 square feet of office space, but only a third of it is actually in use. Is a residential conversion in order? The large windows and historic architecture (built in 1910) could make for some neat apartments. [ASK: $1,200,000]

601 West Fort Street
Detroit, MI 48226

2. 1260 Library

1260 Library Street, Detroit, MI 48226

Tidy and attractive, this little building has gone through three different facades since it was built in 1926. Just across from the Skillman branch of the Detroit Public Library, the building has 19,800 square feet of office space and retail. [ASK: $1,950,000]

1260 Library Street
Detroit, MI 48226

3. Michigan Building

220 Bagley St, Detroit, MI 48226

Home to the famous theater/parking garage conversion, the Michigan Building is a downtown landmark. It's definitely a fixer-upper, but nothing too drastic (at least by Detroit standards). For a parking garage and 245,000 square feet, the price tag is a steal. [ASK: $3,000,000]

220 Bagley St
Detroit, MI 48226

4. 415 Clifford

415 Clifford Street, Detroit, MI 48226

This building is owned by Wayne County and it's completely vacant, so it's a safe assumption that the maintenance hasn't been great. Built in 1939, the building has 81,000 square feet. [ASK: $3,000,000]

415 Clifford Street
Detroit, MI 48226

5. Globe Building

407 East Fort Street, Detroit, MI 48226

Built in 1888, the Globe Building would be a prize for any downtown property baron. Inside, you'll find 58,000 square feet of loft syle office space and a gigantic atrium zone. [ASK: $4,000,000]

407 East Fort Street
Detroit, MI 48226

6. Marquette Building

243 West Congress Street, Detroit, MI 48226

The Marquette Building's spot next to Cobo Center makes it all the more valuable. Built in 1899, the Marquette narrowly escaped demolition in the 1970s. The 164,00 square feet is currently used as office space, though the listing describes it as "an ideal residential conversion." [ASK: $6,500,000]

243 West Congress Street
Detroit, MI 48226

7. Guardian Building's Foot Stool

511 Woodward Avenue, Detroit, MI 48226

The base of the Guardian Building is home to an unattractive glass pedestal—a product of the 1970s. Naturally, Wayne County owns it, and they've been trying sell for quite some time. But instead of naming an asking price, the county is simply "soliciting offers." If Dan Gilbert hasn't bought it yet, it's probably a bad deal. [ASK: Unknown]

511 Woodward Avenue
Detroit, MI 48226