1798 WABASH Street Detroit, MI $ 900,000
1798 WABASH Street
$ 900,000
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1798 WABASH Street

Detroit, MI, 48216
$ 900,000
Bedrooms-- Baths-- Sq 6,173

Monthly Estimate*

$ 5,541

1798 WABASH Street, Detroit, MI 48216 - Image 1
1798 WABASH Street, Detroit, MI 48216 - Image 2
1798 WABASH Street, Detroit, MI 48216 - Image 3
1798 WABASH Street, Detroit, MI 48216 - Image 4
1798 WABASH Street, Detroit, MI 48216 - Image 5
1798 WABASH Street, Detroit, MI 48216 - Image 6

Commercial Property for sale in Detroit, MI

for $900,000. This 6,173 square foot building was built on a lot size of 0.15.

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

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Commercial Active

Price

$ 900,000

Property Type

Commercial

Taxes

$ 2,761

Style

Commercial/Industrial

Lot Size

0.15

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60316251

Features
General
Possession Close Plus 30 Days
Water Public Water
Status Active Active
Year Built 19
Subdivision SUB OF PT OF OL NO 1 LAFFERTY FARM (PLATS) MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Commercial Residential
Sale/Rent For Sale
Status Detail 0
Commercial Features 220 Volt Power
Area Detroit (82001)
Primary City Detroit
Directions Going West on Michigan Ave. from Downtown Detroit turn left onto Wabash St. about two blocks until you see the white building on the corner of Wabash and Marantette St.
City Detroit
Financial Terms Cash Conventional
Legal Description E WABASH 60 SUB OF PT OF O L NO 1 LAFFERTY FARM L1 P193 PLATS W C R 8/21 50 X 130
DOM 585
Postal Code 48216
Price Per Sq Ft Total AG 145.8
Public Remarks Corktown's Hottest Property! Discover the unparalleled potential of 1798 Wabash
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Exterior
Exterior Brick
Frontage 50
Lot Size Area 0.15
Lot Dimensions 50.00 x 130.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Lawrence Else

Listing Agent

Realtyflo Inc

Broker

team@realtyflo.com

Email

Affordability Calculator

$5,772
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$230
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2024$1 Listed Price

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1798 WABASH Street, Detroit, MI, 48216 is a Commercial Property for sale at $900,000 with 6,173 sqft and a lot size of 0.15. The property's zip code is 48216 which is in Detroit, MI