UPDATED:
11/01/2024 05:33 PM
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 6,173 sqft
Price per Sqft $145
Subdivision Sub Of Pt Of Ol No 1 Lafferty Farm (Plats)
MLS Listing ID 20240042338
Originating Board Realcomp II Ltd
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
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 Det South Of Grand River
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
Utilities Available 220V Available
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Detroit
Others
Tax ID W08I008716S
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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