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 8

Commercial Property for sale in Detroit, MI

for $725,000. This 4,035 square foot building was built 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

Commercial/Industrial

Lot Size

0.16

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60401360

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions Michigan Ave & 20th Street

City Detroit

Financial Terms Cash Conventional

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 WHITWOOD

DOM 180

Postal Code 48216

Price Per Sq Ft Total AG 179.68

Public Remarks An exceptional opportunity to own a 4

Exterior

Exterior Brick

Frontage 60

Lot Size Area 0.16

Lot Dimensions 60x122

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Vincent Mazzola

Listing Agent

O'connor Realty Detroit, Llc

Broker

vincent@oconnordetroit.com

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

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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 ^$501,686

Percent of Sale Price 31%

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
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. 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.

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2647 Michigan Avenue

Commercial Property for sale in Detroit, MI

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