Executive Summary Property Features 28,000 sq ft total 16,000 sq ft open-span main floor 1,000 sq ft second floor 11,000 sq ft usable basement Originally engineered for heavy retail loads (Kresge’s five-and-ten) Wide spans + durable construction ideal for modern warehouse/showroom use Redevelopment Zone = PILOT tax incentive potential Strong Broad Street visibility Flexible zoning for retail, warehouse, distribution, flex, creative, marketplace Large-format footprint rare for downtown districts ________________________________________ Redevelopment Zone Benefits Eligible for Payment In Lieu of Taxes (PILOT) agreements Potential 10–30 year tax structure (subject to city approval) Dramatically reduced operating expenses Supports modernization, cleanup, electrical upgrades, and full redevelopment ________________________________________ Ideal Uses Large-format retail or showroom Warehouse / distribution / storage Creative studios / makerspace Antique or specialty marketplace Flex-use redevelopment Multi-tenant subdivision