1250 Library Street Detroit, MI $ 7,000,000
1250 Library Street
$ 7,000,000
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1250 Library Street

Detroit, MI, 48226
$ 7,000,000
Bedrooms-- Baths-- Sq 32,100

Monthly Estimate*

$ 43,100

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Commercial Property for sale in Detroit, MI

for $7,000,000. This 32,100 square foot building was built in 1907 on a lot size of 0.12.

100% OCCUPIED !!!! 1250 Library is the home for: 8 Traditional Style Lofts (live/work), 1 office, 1 art studio, and Vicentes Cuban Cuisine. Owned, Renovated, and Cared for since 1992. Exposed duct work and brick, Original Maple floors, Bi-level units, All units provide DW's, Fridges, Gas Ranges, and W/D's in unit. High Ceilings and simply cool spaces! Location? Can't beat it! Walkers Paradise score is 98. Select your venue because it's within walking distance to all Sport Stadiums, Concert Venues, Restaurants, Campus Martius, Opera House, and the River Walk! We have a waiting list from interested renters. Financials released upon NDA/Non-Circ/POF. Please see the attached Brochure/OM.

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Commercial Active

Price

$ 7,000,000

Property Type

Commercial

Taxes

$ 19,266

Style

RealEstateOnly

Lot Size

0.12

Year Built

1907

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251035875

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession AtClose
Roof Rubber
Garage Spaces 0.0
Security Features CarbonMonoxideDetectors ExteriorVideoSurveillance FireAlarm FireSprinklerSystem Other SmokeDetectors
Construction Materials Brick
Year Built 1907
Levels Story4to10
Property Subtype RealEstateOnly
Current Use Commercial MixedUse MultiFamily Office Restaurant
Business Type Apartments Commercial Mixed Residential
Accessibility AccessibleElevatorInstalled AccessibleEntrance AccessibleStairway
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name PLAT OF SEC 7-GOVERNOR & JUDGES PLAN DEEDS
Garage Y/N N
Status Active
Directions East of Woodward South of Grand River
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily
Number Of Units Total 11
MLS Area Area05053DetWoodwardMcclellanSoMack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 19266.0
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
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 184722
Expected Active Date 2025-09-23
Legal Description NE LIBRARY N 1/2 OF 60 S 20.65 FT 61 PLAT OF SEC 7 GOVERNOR & JUDGES PLAN L34 P544 DEEDS W C R 1/9 53.47 X 100
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Building Area Total 32100.0
Lot Dimensions 53.47X100
Lot Size Acres 0.12
Waterfront Y/N N
Road Frontage Type ClassA Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 32100.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 1250
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* Excluded Features
List By
Lisa Debs

Listing Agent

Tower Real Estate

Broker

(313) 505-3713

Phone

Affordability Calculator

$44,706
Per Month
96%
4%
0%
Monthly Principal & Interest
$43,100
Monthly Property Taxes
$1,606
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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2025$7,000,000 Listed Price

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1250 Library Street, Detroit, MI, 48226 is a Commercial Property for sale at $7,000,000 with 32,100 sqft and a lot size of 0.12. 1250 Library Street was built in 1907. The property's zip code is 48226 which is in Detroit, MI