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$900,000
Est. payment /mo
6,173 SqFt
UPDATED:
11/01/2024 05:34 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,173 sqft
Price per Sqft $145
MLS Listing ID 20240042338
Originating Board Realcomp
Year Built 1948
Annual Tax Amount $2,761
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50.00 x 130.00
Property Description
Corktown's Hottest Property!Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value.Highlights:Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development.Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity.Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility.Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future.Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike.Why Invest:This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors.Act Now:Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long!BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Residential
Direction Going West on Michigan Ave. from Downtown Detroit, turn left onto Wabash St. about two blocks until you see the white building on the corner of Wabash and Marantette St.
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Block,Brick
Others
Tax ID W08I008716S
Read Less Info
Listed by Downtown Realty