Monday’s incident occurred a day after the end of France’s parliamentary elections, which saw President Emmanuel Macron’s party win a majority.
A white car could be seen standing in the middle of the empty avenue with one door open and sniffer dogs were sent in, the BBC’s Hugh Schofield reports from Paris.
Our correspondent says there are always many police and gendarme vehicles near the spot, as it is next to the local police station.
Bomb disposal experts were sent to the scene to inspect the vehicle, a Renault Mégane.
Mr Collomb, who visited the site, said weapons and explosives found inside «could potentially blow this car up».
Reports say officers had to smash the car windows to pull the driver out.
The man was known to intelligence services, the BFMTV news channel reports.
Police earlier warned people to respect a security cordon around the area.
The anti-terrorist section of the prosecutor’s office has opened up an investigation into the incident, which happened close to the Élysée Palace, the president’s official residence, and the US embassy.