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$900,000
Est. payment /mo
6,173 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,173 sqft
Price per Sqft $145
MLS Listing ID 20240042338
Year Built 1948
Annual Tax Amount $2,761
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50.00 x 130.00
Source Realcomp
Property Description
Corktown's Hottest Property!Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value.Highlights:Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development.Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity.Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility.Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future.Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike.Why Invest:This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors.Act Now:Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long!BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Residential
Direction Going West on Michigan Ave. from Downtown Detroit, turn left onto Wabash St. about two blocks until you see the white building on the corner of Wabash and Marantette St.
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W08I008716S
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Listed by Realtyflo Inc
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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