1350 DIVISION Street Detroit, MI ^$ 1,725,000

1350 DIVISION Street

^$ 1,725,000

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1350 DIVISION Street

Detroit, MI, 48207

^$ 1,725,000

Studio Baths0.0 Sq 15,200

Monthly Estimate*

^$ 12,050

1350 DIVISION Street, Detroit, MI 48207 - Image 1

1350 DIVISION Street, Detroit, MI 48207 - Image 2

1350 DIVISION Street, Detroit, MI 48207 - Image 3

1350 DIVISION Street, Detroit, MI 48207 - Image 4

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1350 DIVISION Street, Detroit, MI 48207 - Image 6

1350 DIVISION Street, Detroit, MI 48207 - Image 7

Studio

Commercial Property for sale in Detroit, MI

for $1,725,000. This 15,200 square foot building was built on a lot size of 0.88.

Located in the heart of Eastern Market, just steps from Russell Street, 1350 Division is a two-story brick redevelopment opportunity built in 1926. This property offers versatile opportunities for an owner-operator or developer--with potential for up to four ground-floor retail spaces and four to eight residential or creative office units on the second floor. The property is located within an Opportunity Zone and has secure onsite parking. Neighbors include: Eastern Market, Supino Pizza, Trinosophes, People's Records, Vivio's Food & Spirits, Detroit City Distillery, Cairo Coffee, Motown Bistro, Bert's Marketplace, Detroit Hustles Harder, Eastern Market Brewing, Germack, Beyond Juicery, Collect Beer Bar, Bunny Bunny.

Commercial Active

Price

^$ 1,725,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,202

Style

Commercial/Industrial

Lot Size

0.88

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60257651

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision MORSES S B LOTS 1 THRU 27 MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Mixed Use Multi-Family Professional Office Commercial

Area Detroit (82001)

Primary City Detroit

Directions G o o g l e maps

City Detroit

Street Name DIVISION

Financial Terms Cash Conventional

Legal Description S DIVISION 21-22 S B MORSES SUB L45 P452 DEEDS W C R 5/30 80 X 95

DOM 214

Postal Code 48207

Price Per Sq Ft 113.49

Coming Soon Located in the heart of Eastern Market just steps from Russell Street

Exterior

Exterior Block Brick

Frontage 120

Lot Size Area 0.88

Lot Dimensions 80 x 95

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

vincent@oconnordetroit.com

Affordability Calculator

$12,483

Per Month

Monthly Principal & Interest: $12,050
Monthly Property Taxes: $434
Monthly Home Insurance: --

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Interest Rate

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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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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$474,362

Percent of Sale Price 73%

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
3/14/2024	$1,725,000	-4.17%	Price Down
9/22/2023	$1,800,000		Listed Price

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1350 DIVISION Street, Detroit, MI, 48207 is a Commercial Property for sale at $1,725,000 with 15,200 sqft and a lot size of 0.88. 1350 DIVISION Street is a studio with 0.0 baths. The property's zip code is 48207 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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1350 DIVISION Street

Commercial Property for sale in Detroit, MI

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