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Danny Dedic

info@dedicatedrealtygroup.com +1(586) 855-6672

$ 1,695,000

Est. payment | -/mo

7,248 SqFt

Save

$ 1,695,000

Est. payment | -/mo

Save

7,248 SqFt

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 7,248 sqft

Price per Sqft $233

Subdivision Plat Of A Dequindre Farm Sec 26 (Also P717-8 Cr)

MLS Listing ID 20251032927

Year Built 1907

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type RealEstateOnly

Property Description

Don't miss this unique opportunity to own a mixed-use property in Detroit's highly sought-after Eastern Market area. The building features four units: three residential lofts, each with two bedrooms and two bathrooms, accessible by elevator; and a ground-floor retail space with a valuable liquor license. Currently, the lofts are operated as successful Airbnb rentals, offering immediate income potential. However, the next owner can explore diverse opportunities to maximize value. The ground-floor retail space is perfectly suited for a restaurant, bar, café, or gallery. Additionally, rooftop access presents another value enhancing feature. Situated in a prime location, the building is within easy walking distance of Eastern Market's vibrant shops and restaurants. Convenient access to major highways also makes it ideal for commuters. The building is in excellent, well-maintained condition, showcasing desirable architectural elements such as high ceilings, original timber beams, large windows, and exposed brick walls. The retail space boasts a large storefront and a fully equipped commercial kitchen, ready for service. The lower level offers additional creative space, perfect for a speakeasy enhanced by a convenient dumbwaiter. This property represents a compelling investment opportunity, offering revenue potential from both residential and commercial tenants. The option to purchase the liquor license, restaurant fixtures and furniture, and fully furnished lofts is available, making this truly a turnkey offering.

Location

State MI

County Wayne

Area Area05053Detwoodwardmcclellansomack

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features OnStreet

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Listed by Katherine Kutscher of Real Estate One-Royal Oak

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 855-6672

info@dedicatedrealtygroup.com

1528 GRATIOT AVE Detroit, MI 48207

Danny Dedic

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1528 GRATIOT AVE