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In-PersonVirtual Tour
$ 1,699,000
Est. payment | /mo
17,076 SqFt
$ 1,699,000
Est. payment | /mo
17,076 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 17,076 sqft
Price per Sqft $99
Subdivision Mi
MLS Listing ID 60935318
Annual Tax Amount $6,958
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x151
Property Sub-Type Commercial/Industrial
Property Description
LOCATED IN THE HEART OF WYANDOTTE'S THRIVING RIVERFRONT DISTRICT, THIS FULLY RENOVATED PROPERTY OFFERS MULTIPLE INCOME STREAMS IN ONE OF SOUTHEAST MICHIGAN'S MOST VIBRANT DOWNTOWNS. SURROUNDED BY UPSCALE RESTAURANTS, SHOPPING, BARS, AND YEAR-ROUND COMMUNITY EVENTS, THIS PROPERTY SITS IN THE CENTER OF A HIGH-DEMAND DESTINATION WITH STRONG FOOT TRAFFIC. THE PROPERTY FEATURES THREE ESTABLISHED BUSINESSES: TOTAL HEALTH FOODS (APPROX. 10,000 SF GROCER/DELI – BUSINESS AVAILABLE SEPARATELY), YOGURT CO. (APPROX. 2,100 SF), AND WYANDOTTE HEALING CENTER (APPROX. 2,400 SF). ALL ARE FULLY LEASED AND OPERATING SUCCESSFULLY. IN ADDITION, THE SECOND FLOOR INCLUDES FOUR FULLY LEASED APARTMENTS (THREE 2-BEDROOM UNITS AND ONE 3-BEDROOM UNIT) PLUS APPROX. 1,200 SF OF UNFINISHED SPACE WITH EXPOSED BRICK AND ROUNDED WINDOWS READY FOR FUTURE DEVELOPMENT. EACH BUILDING OFFERS A DRY BASEMENT FOR STORAGE, AND THE SITE INCLUDES AN ADDITIONAL 54 FEET OF FRONTAGE ON FIRST STREET, FURTHER ENHANCING VISIBILITY AND EXPANSION OPPORTUNITIES. A TAX INCENTIVE IS ALSO IN PLACE THROUGH 2028. THIS IS A RARE CHANCE TO OWN A TURN-KEY PROPERTY WITH ESTABLISHED INCOME AND TREMENDOUS UPSIDE FOR GROWTH IN ONE OF METRO DETROIT'S MOST DESIRABLE DOWNTOWN COMMUNITIES. SHOWINGS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS OR EMPLOYEES.
Location
State MI
County Wayne
Area Wyandotte (82147)
Zoning Mixed Use,Multi-Family,Professional Office
Building
Foundation Basement
Water Public Water
Structure Type Brick,Wood
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski
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