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
Courtesy of Real Estate One-Royal Oak.
Listing Snapshot
Days Online
92
Last Updated
Property Type
Commercial/Industrial
Square Ft.
7,248
Lot Size
0.04 Acres
MLS Number
60933187
30 Days Snapshot Of 48207
$137k
0%
(avg) sold price
6
-50%
homes sold
44
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
7,248 square feet
Exterior Features
Brick
Foundation
Basement
Water Features
Gas, Public Water
Heating
Forced Air
Lot
0.04 acres, Lot size: 48.00 x 36.00
Property
Multi-Family, Commercial, Residential
Taxes
Total amount: $16,632
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