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… Read More 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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Real Estate One-Royal Oak, [email protected], (248) 548-9100.
Listing Snapshot
Days Online
218
Last Updated
Property Type
Commercial
Square Ft.
7,248
Lot Size
0.04 Acres
Year Built
1907
MLS Number
20251032927
30 Days Snapshot Of 48207
$190k
+107%
(avg) sold price
12
-7%
homes sold
80
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1907, Remodelled in 2007, 7,248 total square feet, 7,248 main square feet, Brick
Foundation
Basement
Water Features
Natural Gas, Public (Municipal)
Lot
Lot size area: 0.04, Lot size dimensions: 48.00 x 36.00
Miscellaneous
Gross scheduled income: $0, Net operating income: $0, Operating expense: $0, Real Estate Only
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