$224,995 for Sale

16209 e warren avenue, detroit, MI 48224

Property Description
Great Opportunity for a small scale mixed-use development project on the E. Warren corridor. B4 - General Business District Zoning Classification/OPPORTUNITY ZONE (The Major Corridor Overlay Area provides the opportunity for more detailed review of proposed development). With retail space on the lower lever and a four (4) bedroom apartment located on the second level above the retail space, this property is situated along the area of the E. Warren corridor that is currently anchoring the revitalization is a $8.8-million streetscape that has made this stretch of East Warren from Three Mile Drive to Cadieux more attractive, as well as more pedestrian and business friendly. The 0.6-mile project, which spans the Morningside and East English Village neighborhoods, includes new protected bike lanes, new pavement, and sidewalks, two parking lots, ADA accessibility, improved lighting, and landscaping. There are several new real estate developments within Detroit's E. Warren corridor, including the construction of the “Ribbon”, which is the largest mixed-use development to date in the area and only two (2) minutes away from this property. "Ribbon" The aim of these developments is revitalizing neighborhoods, attracting businesses, and improving infrastructure. The E. Warren Development Corp is a community and economic nonprofit working to support the revitalization of the E. Warren Corridor, which has just recently announced the ground breaking of a public market on E. Warren
General Information
Sale Price: $224,995
Price/SqFt: $57
Status: Active
MLS#: 20240031571
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.06
Lot Dimensions: 25.00 x 100.00
Size: 3,940 sq.ft.
Acreage: 0.06 est.
Year Built: 1951
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $2,395
Est. Winter Taxes:  $281
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Dennis Jakub of Re/Max Connection, Phone: (248) 505-2509
(810) 814-5140 Call Amber Peacock for more information about this property.

Ask me about this property

Listings Presented by:
Amber Peacock
Call:
(810) 814-5140

Office:
(810) 600-2165