2647 Michigan Avenue Detroit, MI ^$ 725,000

2647 Michigan Avenue

^$ 725,000

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2647 Michigan Avenue

Detroit, MI, 48216

^$ 725,000

Bedrooms-- Baths-- Sq 4,035

Monthly Estimate*

^$ 4,523

2647 Michigan Avenue, Detroit, MI 48216 - Image 1

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2647 Michigan Avenue, Detroit, MI 48216 - Image 3

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2647 Michigan Avenue, Detroit, MI 48216 - Image 8

Commercial Property for sale in Detroit, MI

for $725,000. This 4,035 square foot building was built in 1927 on a lot size of 0.16.

An exceptional opportunity to own a 4,000-square-foot retail building just steps from Ford’s Michigan Central Station in the heart of Corktown. This flexible property offers the potential to be reconfigured into up to three distinct retail spaces, making it ideal for a variety of uses. The building features original hardwood floors, exposed brick walls, and other characterful architectural elements. Recent upgrades include improvements to the HVAC and electrical systems, offering a solid foundation for continued investment or adaptive reuse.

Commercial Active

Price

^$ 725,000

Property Type

Commercial

Taxes

^$ 6,534

Style

RealEstateOnly

Lot Size

0.16

Year Built

1927

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251006214

Features

General

Sewer PublicSewer

Possession AtClose

Garage Spaces 0.0

Construction Materials Brick

Year Built 1927

Property Subtype RealEstateOnly

Current Use Retail

County Wayne

Net Operating Income 0.0

Operating Expense 0.0

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Garage Y/N N

Status Active

Directions Michigan Ave & 20th Street

City DetroitCity_Wayne

Senior Community Y/N N

High School District Detroit

Zoning Description Commercial

MLS Area Area05101DetSouthOfGrandRiver

Lot Size Units Acres

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 6534.94

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

Occupancy Type Vacant

Tax Assessed Value 76342

Expected Active Date 2025-06-06

Legal Description S MICHIGAN E 60.41 FT OF W 138.05 FT ON N LINE BG E 60 FT OF W 81.78 FT ON S LINE OF N 117.79 FT ON E LINE BG N 124.46 FT ON W LINE OF THAT PT OF PC 474 LYG S & ADJ MICHIGAN AVE AS WD E & ADJ WHITWOO

Exterior

Water Source Public

Foundation Details Slab

Spa N

Lot Dimensions 60x122

Lot Size Acres 0.16

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Above Grade Finished Area 4035.0

Above Grade Finished Area Unit Type SquareFeet

Internal Only

Street Number 1 2647

* Excluded Features

List By

Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

(313) 963-9891

Phone

Affordability Calculator

$5,068

Per Month

Monthly Principal & Interest: $4,523
Monthly Property Taxes: $545
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 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 32%

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.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/7/2025	$725,000		Listed Price

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2647 Michigan Avenue, Detroit, MI, 48216 is a Commercial Property for sale at $725,000 with 4,035 sqft and a lot size of 0.16. 2647 Michigan Avenue was built in 1927. 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 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/9/2025.

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2647 Michigan Avenue

Commercial Property for sale in Detroit, MI

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