$900,000

1798 Wabash Street, Detroit, MI 48216

6,173 sqft

Commercial Property
Built in ——
6,534sqft lot
—— car garage
$146/sqft
Listed 1 year ago

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

Listing Status:: Active
Date Added:: June 16, 2024 at 05:00AM
Listing Office:: Realtyflo Inc : 313-466-7253
Listing Agent:: Lawrence Else : 313-315-3215
MLS ID:: 60316251

General: Brick

Road/Access: Paved
Originating MLS: MiRealSource
County: Wayne

Zoning: E WABASH 60 SUB OF PT OF O L NO 1 LAFFERTY FARM L1 P193 PLATSW C R 8/21 50 X 130

Utilities: 220 Volts
Water: Public

Source: MiRealSource

This listing courtesy of Lawrence Else, Realtyflo Inc

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Burton International Academy

2001 Martin Luther King Jr Blvd, Detroit, MI, 48208

Grades KG-8

0.80 miles away

Burton International Academy

2001 Martin Luther King Jr Blvd, Detroit, MI, 48208

Grades KG-8

0.80 miles away

Cass Technical High School

2501 2nd Ave, Detroit, MI, 48201

Grades 9-12

0.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.