1400 W FORT Street Detroit, MI ^$ 1,500,000

1400 W FORT Street

^$ 1,500,000

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1400 W FORT Street

Detroit, MI, 48216

^$ 1,500,000

Studio Baths0.0 Sq 3,930

Monthly Estimate*

^$ 10,478

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Studio

Commercial Property for sale in Detroit, MI

for $1,500,000. This 3,930 square foot building was built on a lot size of 0.37.

ZONING M3 - Downtown Property for sale just steps away from West Riverfront Park with the upcoming development is now named Ralph C. Wilson, Jr. Centennial Park which is expected to complete its renovation soon. Just across from Wayne County Community College Downtown Campus, The Assembly, Riverfront towers, and the Detroit River and Downtown Detroit's gorgeous skyline. Property space is almost 4000 square feet with 2 Bay Garages, at the front of this building, there are an estimated 30 parking spots. Built in 1983, land dimension is 125 by 130 feet, land square footage is 16,228, .37 acres and fenced alley only property owners on the same block have access to. Purchaser to pay $495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Commercial Active

Price

^$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,365

Style

Commercial/Industrial

Lot Size

0.37

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60230870

Features

General

Heating Forced Air

Possession At Close

Water Public Water Public Water at Street

Status Active Active

Year Built 19

Subdivision COL D BAKER FARM (ALSO P2 73 DEEDS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Residential

Area Detroit (82001)

Primary City Detroit

Directions Take West Fort street to where it ends into Downtown Detroit.

City Detroit

Street Name FORT

Financial Terms Cash Conventional Exchange/Trade

Legal Description N FORT WEST E 1/2 12 13&14 BLK 64 COL D BAKER L17 P272-3 DEEDS W C R 6/11 125 X 13011/16 ECONOMIC UNIT: CONSISTS OF PARCELS 06000014-5 & 06000016 PER CE. DMM

DOM 312

Postal Code 48216

Price Per Sq Ft 381.68

Coming Soon ZONING M3 - Downtown Property for sale just steps away from West Riverfront Park with the upcoming development is now named Ralph C. Wilson

Exterior

Exterior Block

Frontage 125

Lot Size Area 0.37

Lot Dimensions 125.00X130.00

Roads Private Road

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Rashad Elabed

Listing Agent

Downtown Realty

Broker

rashad@dtrdetroit.com

Affordability Calculator

$10,925

Per Month

Monthly Principal & Interest: $10,478
Monthly Property Taxes: $447
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$474,943

Percent of Sale Price 68%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/31/2023	$1,500,000	-11.76%	Price Down
6/22/2023	$1,700,000		Listed Price

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1400 W FORT Street, Detroit, MI, 48216 is a Commercial Property for sale at $1,500,000 with 3,930 sqft and a lot size of 0.37. 1400 W FORT Street is a studio with 0.0 baths. The property's zip code is 48216 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1400 W FORT Street

Commercial Property for sale in Detroit, MI

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