Thank you
Ava Pavlina
Arterra Luxe Collection LLC
248-733-5893
Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! Needs new electrical and plumbing.
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Total Baths: 2
Full Baths: 2
Basement Description: Unfinished,Walkout Access
Heating: Other
Year Built: 1924
Building Stories: 4-10 Story
Total Units: 52
Foundation/Basement: Basement
Architecture: Historic
Construction: Brick
Sewer: 3rd Party Unknown
None
Lot Size: 0.15
Lot Dimensions: 65.00 x 100.00
Frontage Feet: 65
SQ ft: 21718
Subdivision: PT OF CASS FARM SUB BY J F MUNRO SUR
Financing: Cash,Conventional
Original List Price: $5,299,999
Possession: At Close
Legal Description: W SECOND N 65 FT 18 N 65 FT 17 BLKS 84 CASS FARM L1 P131 PLATS, W C R 4/123 65 X 100
Annual Tax: $570
Parcel Number: W04I003314S
At Close
Legal Description: Section: W SECOND N 65 FT 18 N 65 FT 17 BLKS 84 CASS FARM L1 P131 PLATS, W C R 4/123 65 X 100
Road Frontage: Paved
School District: Detroit
Water:None
Sewer:3rd Party Unknown
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
644 Martin Luther King .., Detroit, MI,48201 | $3,199,000 | 50 | 38 | 32,896 | 0.65 Acre |
260 Alfred Street , Detroit, MI,48201 | $1,293,900 | 3 | 2.5 | 2,250 | -- |
655 W Alexandrine Street , Detroit, MI,48201 | $499,000 | -- | -- | -- | 0.25 Acre |
3125 Brush Street #7, Detroit, MI,48201 | $739,000 | 2 | 2.5 | 1,909 | -- |
4150 4th Street , Detroit, MI,48201 | $699,500 | 2 | 2.5 | 1,464 | 0.08 Acre |
2939 Park Avenue , Detroit, MI,48201 | $1,200,000 | -- | -- | -- | 0.07 Acre |
4635 John R Street , Detroit, MI,48201 | $390,000 | 1 | 1 | 2,771 | 0.05 Acre |
3117 Brush #5, Detroit, MI,48201 | $759,000 | 2 | 2.5 | 1,909 | -- |
229 Edmund #2, Detroit, MI,48201 | $814,000 | 2 | 3.5 | 1,414 | -- |
4154 2nd Avenue #7, Detroit, MI,48201 | $539,500 | 3 | 2.5 | 1,623 | -- |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/09/2024 @ 10:53
MLS: 599830781
LISTED BY: Ava Pavlina , Arterra Luxe Collection LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.