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*

$ 5,615

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 in 1948 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

RealEstateOnly

Lot Size

0.15

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240042338

Features
General
Sewer PublicSewer
Possession ClosePlus30Days
Construction Materials Block Brick Concrete
Year Built 1948
Electric Volts220
Levels One
Property Subtype RealEstateOnly
Current Use Commercial Service Vacant Warehouse
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name SUB OF PT OF OL NO 1 LAFFERTY FARM (PLATS)
Garage Y/N N
Status Active
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 DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Residential
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2761.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 30794
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-06-16
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
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Exterior
Water Source Public
Lot Size Area 0.15
Spa N
Building Area Total 6173.0
Lot Dimensions 50.00 x 130.00
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 6173.0
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Internal Only
Street Number 1 1798
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* Excluded Features
List By
Lawrence Else

Listing Agent

Realtyflo Inc

Broker

(313) 315-3215

Phone

Affordability Calculator

$5,845
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,615
Monthly Property Taxes
$230
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2024$1 Listed Price

Map


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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. 1798 WABASH Street was built in 1948. The property's zip code is 48216 which is in Detroit, MI