$1,400,000 Price Analysis    ♡   Detroit, MI 48216 4 bed 3 bath 6,173 SqFt ($226/SqFt) 6,534SqFt lot. Built 1948 Listed 2024-07-01 | Ⓧ USDA Ineligible due to price & location near Detroit |
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 zned 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 e quipped 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 unlimited possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long. BATVAI
Presented by Jeffrey Rutledge at
Downtown Realty.
Property MLS #20240046886 from Realcomp
Kitchen: 9.00 x 9.00
Kitchen Level: First/Entry
Bath - Lav: 10.00 x 9.00
Bath - Lav Level: First/Entry
Bath - Lav: 10.00 x 9.00
Bath - Lav Level: First/Entry
Bath - Full: 10.00 x 9.00
Bath - Full Level: First/Entry
Bedroom: 10.00 x 9.00
Bedroom Level: First/Entry
Bedroom: 10.00 x 9.00
Bedroom Level: First/Entry
Bedroom: 10.00 x 9.00
Bedroom Level: First/Entry
Bedroom: 10.00 x 9.00
Bedroom Level: First/Entry
Full Bathrooms: 1
1/2 Bathrooms: 2
Heating Fuel: Natural Gas
Road Frontage Type: Paved
Lot Size Dimensions: 50x130
Lot Size Square Feet: 6534
Garage Features: Attached
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsAnnual Tax Amount: 2761
Source Listing Status: Active
County: Wayne
Directions: Go West on Michigan Ave. from downtown Detroit. Take a left on Wabash and go down a few blocks and 1798 Wabash will be on the corner.
Source Property Type: Residential
Home Warranty: No
Area: Det South Of Grand River
Source Neighborhood: SUB OF PT OF OL NO 1 LAFFERTY FARM (PLATS)
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W08I008716S
Postal Code Plus 4: 1865
Subdivision: SUB OF PT OF OL NO 1 LAFFERTY FARM (PLATS)
Source System Name: C2C
$1,400,000
Realcomp
Listed 2024-07-01
$1
Realcomp
Year Built: 1948
Construction Materials: Block/Concrete/Masonry, Brick
Foundation Details: Slab
Levels: 1 Story
Property Age: 76
Levels or Stories: 1 Story
Total Area Sqft: 6173
Water Source: Public (Municipal)
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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.