$1,400,000 Price Analysis 1798 Wabash StDetroit, 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 |
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 zoned 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 equipped with 220-volt electricity. Potentil 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
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.