$1,400,000 for Sale

1798 wabash street, detroit, MI 48216

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 offe
General Information
Sale Price: $1,400,000
Price/SqFt: $227
Status: Active
MLS#: 20240042338
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.15
Lot Dimensions: 50.00 x 130.00
Size: 6,173 sq.ft.
Acreage: 0.15 est.
Year Built: 1948
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $2,471
Est. Winter Taxes:  $290
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Jeffrey Rutledge of Downtown Realty, Phone: (313) 466-7253
(989) 980-7087 Call Rick Keeler for more information about this property.

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Rick Keeler
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(989) 980-7087