Call for Offers

600 Town Center Drive, Dearborn, MI 48126

810,000sqft23acre lot

Property Type
Commercial
Status
Under Contract
Occupied
No
Year Built
1976
County
Wayne
Coordinates
42.312248, -83.217968
Amenities
Dishwasher
Dishwasher
Microwave (Built-in)
Microwave (Built-in)
Oven
Oven
Pool
Pool
Refrigerator
Refrigerator
Security System
Security System
Washing Machine
Washing Machine
Dryer
Dryer
Elevator
Elevator
Water
Water ()
Sump Pump
Sump Pump

FINAL CALL FOR OFFERS!!! All offers due by 6/22/2021 at 5:00 PM EDT. Contact agent for details.

Property Overview:

The former Edward Hotel & Convention Center is truly a grand edifice with its contemporary modern design and towering lobby. The conference center hotel is situated on 23.15+/- acres in the Metro Detroit suburb of Dearborn, the eighth-largest city in Michigan, near the intersection of M-39 (Southfield Freeway) and U.S. Highway 12 (Michigan Avenue). 600 Town Center Drive is just a 15-minute drive from the Detroit Metropolitan Airport and a 20-minute drive from downtown Detroit. Custom built in 1975 and completely renovated in 2000, it is the 2nd largest hotel in Michigan with 18-stories and over 810,000+/- square feet of commercial space throughout. The property contains 773 guestrooms and boasts over 55,602+/- square feet of event/meeting space, including the top-floor Rotunda featuring 360-degree views and a revolving floor. Additional features include a 17,000 +/- square foot ballroom, two food and beverage outlets, indoor pool, fitness center, and business center. 600 Town Center Drive benefits from superb demographics of over 120,000 people in a 3-mile radius and 359,000 people in a 5-mile radius. Due to its various amenities and features, this property is ideally suited to meet many commercial needs and/or development opportunities.

PROPERTY SOLD "AS-IS". BUYER AND/OR BUYER'S AGENT RESPONSIBLE FOR VERIFYING ALL PERTINENT INFORMATION DEEMED RELEVANT BY THE PROSPECTIVE BUYER INCLUDING BUT NOT LIMITED TO SQUARE FOOTAGE, ACREAGE, UTILITIES, TAXES, PERMITTING, CONDITION, SCHOOL ZONES, HOA'S, ETC.

Offer Process:

Buyers should submit offers utilizing a letter of intent and due by June 22nd, 2021, at 5:00 PM EDT. Buyers may request an outline for the letter of intent from the listing agent. Once an offer/offers are submitted, the following procedure will be implemented for offer review:

  1. All offers will be presented to Asset Managers for review.
  2. Asset Manager will review and submit all offers to USMS for consideration with a recommendation to proceed.
  3. The Local Broker will provide a contract package to the prospective Buyer to review and sign. Please see the attached contract, terms, and attachments. It is the Buyer's responsibility to review and approve the attached contract prior to the submission of an offer to purchase.
  4. Buyer returns signed contract, while simultaneously submitting the required earnest money deposit.
  5. Asset Manager will write a case to support the proposed offer while providing information on all offers. Please note it is not an executed contract until USMS signs the contract.
  6. Case is submitted to USMS to review.
  7. USMS chooses to execute or reject the proposed offer.
  8. If executed, Asset Manager returns an executed contract to brokers to distribute to the Buyer.
  9. Contract timelines begin once executed by USMS.
  10. Once any due diligence or financing contingencies are cleared, the earnest money becomes hard, and the contract moves toward close.
  11. Contract closes per the timeline outlined in the agreement, funds are disbursed to all parties.

PLEASE NOTE ALL OFFERS AND SOURCE OF FUNDS WILL BE REVIEWED AT TIME OF OFFER SUBMISSION BY USMS AND DOJ.

USMS and DOJ reserves the right to change the above process, reject all offers, call for a best and final, or cancel the sale.

Broker
Simon Jonna
+1 (248) 226-1610
Broker ID: 6502381291
Documents
For questions concerning the purchase of the property or how to make an offer, please contact the listing agent.