313 MICHIGAN AVE Detroit, MI 48226

$1,450,000
313 MICHIGAN AVE, Detroit, MI 48226
217066762

Commercial Property for sale in Detroit, MI

for $1,450,000. This 5,000 square foot building was built in 1950 on a lot size of 0.07 Acre(s).

Property Information

  • $1,450,000
  • Commercial
  • 5,000 Square Feet
  • Taxes are $5,942
  • Active
  • Lot size of 0.07 Acre(s)
  • Built in 1950
  • Detroit, MI
  • Downtown Neighborhood
  • Wayne County
  • MLS/Web ID is 217066762

Description

Detroit's most clever address-313 Michigan Ave! This 3 story building is nestled right in the middle of the hustle and bustle of downtown, within walking distance to great restaurants, bars and cultural events. First floor is comprised of opulent large format herringbone wood floors, vintage tiles baths, period wood paneling, and gold bath fixtures. 2nd and 3rd floor are white boxed with exposed brick walls, separately metered HVAC and water tanks. Great potential for a roof-top deck! - Current Use: Vacant, Lot Dimensions: 23.67X120.00

Interior 3

Heating Source

  • Natural Gas

Heating System

  • Central Heat
  • Forced Air
  • Hot Water Heater: Gas

Water Source

  • Municipal

Exterior 5

Construction

  • Brick
  • Stucco

Foundation

  • Basement
  • Brick

Road Frontage

  • Interstate

Roof

  • Rubber

Zoning

  • Commercial

Miscellaneous 3

Acceptable Finance

  • Cash
  • Conventional

Commercial

  • 230 Volts
  • Rail Service

Location

  • Near Airport

† Excluded Feature

Additional Info

<p><img src="https://images.weichert.com/mlslogoimages/rc_sml.gif" style="float:left;" alt=""/> Provided through IDX through Realcomp II Ltd. Courtesy of WEICHERT, REALTORS®” “Copyright 2014 Realcomp II Ltd. Shareholders</p> <p>&copy; 2018 Realcomp Ltd. All rights reserved.</p>

Neighborhood & Schools

School District: Detroit

Listed By

Listing Agent: Vincent Mazzola
Broker: O'CONNOR REALTY

313 MICHIGAN AVE , Detroit, MI, 48226 is a Commercial Property for sale at $1,450,000 with 5,000 sqft and a lot size of 0.07 Acre(s). 313 MICHIGAN AVE has 0.0 baths and was built in 1950. The property's zip code is 48226 which is in Detroit, MI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Detroit $467,504 68 % below $289,950 80 % below
Commerical listings in Detroit $547,996 62 % below $275,000 81 % below

Get the facts about Detroit, MI!

Population 637,006
Population Growth (since 2000) -33 %
Median Income $27,031
Median Age 35.76
Households w/ Children 28 %

Residential Dwellings

  • Owned 123756
  • Vacant 69865
  • Rented 117652

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