Real Estate Insider: Midnight Vault Owners Pick New Location In Detroit Before Closing

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In the end, Curtis Sullivan says he just didn’t have enough room.

The famous Vault of Midnight comic book store, which he co-owns, is collecting its inventory in downtown Detroit and relocating to Milwaukee Junction to a Method Development LLC building on East Grand Boulevard.

With an expiring five-year lease of approximately 1,400 square feet on Dan Gilbert’s Farmer Street property, the Vault of Midnight will open this fall in roughly twice the size of the Albert Kahn-designed building at 2857 E. Grand Blvd.

“It was either closed because we weren’t going to re-sign, or to find a much more spacious place,” Sullivan said.

Typical sales for the store located at 1226 Library St. were between $ 750,000 and $ 1 million per year.

But, according to Sullivan, co-owner of the store with Stephen Fodeil, doubling floor space – and inventory – will allow the store to double its revenue to a projected $ 1.5 million to $ 2 million.

According to Sullivan, it was Vincent Mazzola, a senior associate at Detroit-based O’Connor Real Estate, who linked Vault of Midnight to Method Development, run by Rakesh “Rocky” Lala and Amelia Patt Zamir.

“We drove through the city and looked at 30 places, and as soon as we saw this building early on, we kept going back to it and coming back to it exploring the surroundings, and we are very happy to be in this place. , “Sullivan said.

In addition to the interior developments, the east side of the new building is being decorated this week with murals by Sintex and Nic Notion, a pair of renowned Detroit-based monumental and graffiti artists, said Maya (Crown) Williams. founder of Amonyet Enterprises and MECCAcon (Midwest Ethnic Convention on Comics and Art), mural project leader.

“It will focus on Detroit comics, especially the presentation of comics, people from Detroit or characters from Detroit, so it will include a lot of different things,” she said.

The mural will depict the late Dwayne McDuffie, Detroit-born comic book writer who founded Milestone Media, which produced ethnically diverse comics distributed by DC Comics. 2011 New York Times obituary

“He’s a huge, huge legend,” Williams said.

An icon, one of the Milestone characters, will be included in the mural, as will Kamala Khan, a Marvel Comics character.

Painting is expected to begin Wednesday and take about two weeks, Williams said.

Vault of Midnight, which opened its flagship location in downtown Ann Arbor 25 years ago in 1996, also has its third location in Grand Rapids. He won the Will Eisner Spirit of Comics Award at San Diego Comic-Con 2010.

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