5840 2nd AVE Detroit, MI 48202

$1,500,000
5840 2nd AVE, Detroit, MI 48202
218052299

Commercial Property for sale in Detroit, MI

for $1,500,000. This 9,760 square foot building was built in 1917 on a lot size of 0.16 Acre(s).

Property Information

  • $1,500,000
  • Commercial
  • 9,760 Square Feet
  • Taxes are $3,505
  • Office
  • Active
  • Lot size of 0.16 Acre(s)
  • Built in 1917
  • Detroit, MI
  • Wayne State University Neighborhood
  • Wayne County
  • MLS/Web ID is 218052299
  • Just Listed

Description

Selling Detroit history! This property, United Sound Systems, is a historical landmark in the state of Michigan. If these walls could talk they would tell you about the various artists who have recorded inside the multiple sound-proof recording rooms found throughout this two story building! These studios have been used by famous Detroit artists such as John Lee Hooker, Dizzy Gillespie and Johnnie Ray, just to name a few. This building also includes a finished basement and recently remodeled full bathroom and kitchen. Current Use: Commerical, Business Type: Office, Recreational, Retail, Service, Lot Dimensions: 50x140x50x140

Interior 3

Heating Source

  • Electric
  • Natural Gas

Heating System

  • Central Heat
  • Forced Air

Water Source

  • Municipal

Exterior 6

Construction

  • Brick

Foundation

  • Basement
  • Poured

Land Improvements

  • Sidewalks

Road Frontage

  • Paved

Roof

  • Rubber

Zoning

  • Commercial

Miscellaneous 1

Acceptable Finance

  • Cash
  • Conventional

† 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: Matt O'Laughlin
Broker: ALEXANDER REAL ESTATE DETROIT, LLC

5840 2nd AVE , Detroit, MI, 48202 is a Commercial Property for sale at $1,500,000 with 9,760 sqft and a lot size of 0.16 Acre(s). 5840 2nd AVE has 0.0 baths and was built in 1917. The property's zip code is 48202 which is in Detroit, MI

Get More Information

Market Pricing

Average % of sale price Median % of sale price
All listings in Detroit $484,550 68 % below $297,900 80 % below
Commerical listings in Detroit $571,593 62 % below $292,250 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

Similar Listings

Get More Information