1842 Michigan Avenue Detroit, MI ^$ 2,600,000

1842 Michigan Avenue

^$ 2,600,000

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1842 Michigan Avenue

Detroit, MI, 48216

^$ 2,600,000

Studio Baths0.0 Sq 7,395

Monthly Estimate*

^$ 18,162

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Studio

Commercial Property for sale in Detroit, MI

for $2,600,000. This 7,395 square foot building was built on a lot size of 0.3.

O'Connor Real Estate is pleased to offer 1842 Michigan Avenue for sale or lease. 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 4,500 square feet of ground floor retail space and 3,200 square feet of office space on the second floor. Sale includes 0.3 acres of land along Michigan Ave and directly behind the building on Kaline.

Commercial Active

Price

^$ 2,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 12,758

Style

Commercial/Industrial

Lot Size

0.3

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60290378

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 18

Subdivision PLAT OF CABACIER FARM MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Directions NE corner of Michigan and Rosa Parks

City Detroit

Street Name Michigan

Financial Terms Cash Conventional

Legal Description N MICHIGAN E 7 FT OF THAT PT OF 3 AND THAT PART OF 4 LYG BETW MICH AVE & ALLEY FIRST N BLK 5 CABACIER FARM L44 P435 DEEDS W C R 8/28 61.5 IRREG

DOM 56

Postal Code 48216

Price Per Sq Ft 351.59

Coming Soon

Exterior

Exterior Brick

Frontage 102

Lot Size Area 0.3

Lot Dimensions 62.00 x 102.00

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

$19,225

Per Month

Monthly Principal & Interest: $18,162
Monthly Property Taxes: $1,063
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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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$474,943

Percent of Sale Price 82%

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
2/28/2024	$2,600,000		Listed Price

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1842 Michigan Avenue, Detroit, MI, 48216 is a Commercial Property for sale at $2,600,000 with 7,395 sqft and a lot size of 0.3. 1842 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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1842 Michigan Avenue

Commercial Property for sale in Detroit, MI

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