1740 Michigan Avenue Detroit, MI ^$ 1,000,000

1740 Michigan Avenue

^$ 1,000,000

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1740 Michigan Avenue

Detroit, MI, 48216

^$ 1,000,000

Studio Baths0.0 Sq 6,412

Monthly Estimate*

^$ 6,985

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Studio

Commercial Property for sale in Detroit, MI

for $1,000,000. This 6,412 square foot building was built on a lot size of 0.14.

O'Connor Real Estate is pleased to offer 1740 and 1744 Michigan Avenue. This 1890 building is located in the heart of Corktown and sits just blocks away from Ford's Michigan Central Station. The building is comprised of two or three retail spaces on the ground floor, one renovated residential unit and the ability to add one or two additional residential units on the second floor.

Commercial Pending

Price

^$ 1,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 10,244

Style

Commercial/Industrial

Lot Size

0.14

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60284029

Features

General

Possession At Close

Water Public Water

Status Pending Pending

Year Built 18

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family Professional Office Commercial

Subdivision MI

Area Detroit (82001)

Primary City Detroit

Directions NE Corner of Michigan Ave and Harrison in Corktown

City Detroit

Street Name Michigan

Financial Terms Cash Conventional

Legal Description N MICHIGAN 47 & 46 PLAT OF P C 27 L2 P5 PLATS WCR 8/29 39.58 IRREG (5850.00 S.F)

DOM 59

Postal Code 48216

Price Per Sq Ft 155.96

Coming Soon

Exterior

Exterior Brick

Frontage 150

Lot Size Area 0.14

Lot Dimensions 40.00 x 150.00

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

$7,839

Per Month

Monthly Principal & Interest: $6,985
Monthly Property Taxes: $854
Monthly Home Insurance: --

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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 ^$467,765

Percent of Sale Price 53%

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
1/24/2024	$1,000,000		Listed Price

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1740 Michigan Avenue, Detroit, MI, 48216 is a Commercial Property for sale at $1,000,000 with 6,412 sqft and a lot size of 0.14. 1740 Michigan Avenue 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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1740 Michigan Avenue

Commercial Property for sale in Detroit, MI

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