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*

^$ 43,671

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Commercial Property for sale in Detroit, MI

for $7,000,000. This 32,100 square foot building was built 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.

Commercial Active

Price

^$ 7,000,000

Property Type

Commercial

Taxes

^$ 19,266

Style

Commercial/Industrial

Lot Size

0.12

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60937083

Features

General

Heating Forced Air

Possession At Close

Roof Rubber

Water Public Water

Status Active Active

Year Built 19

Subdivision Plat Of Sec 7-Governor & Judges Plan Deeds MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Multi-Family Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions East of Woodward South of Grand River

City Detroit

Financial Terms Cash Conventional

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

DOM 83

Postal Code 48226

Price Per Sq Ft Total AG 218.07

Public Remarks 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

Exterior

Exterior Brick

Frontage 54

Lot Size Area 0.12

Lot Dimensions 53.47X100

Roads Class A Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Lisa Debs

Listing Agent

Tower Real Estate

Broker

lisadebsrealestate@gmail.com

Affordability Calculator

$45,276

Per Month

Monthly Principal & Interest: $43,671
Monthly Property Taxes: $1,606
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 93%

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
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. The property's zip code is 48226 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.

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1250 Library Street

Commercial Property for sale in Detroit, MI

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