$3,999,999 Price Analysis 2933 2nd AveDetroit, MI 48201 Unknown bed 2 bath 21,718 SqFt ($184/SqFt) 6,534SqFt lot. Built 1924 Listed 2024-01-09 | Ⓧ USDA Ineligible due to price & location near Detroit |
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 th 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.
Presented by Ava Pavlina at
Arterra Luxe Collection LLC.
Property MLS #20240001555 from Realcomp
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.