Active

1798 WABASH Street

Detroit MI, 48216

$900,000


$145.80 per sqft

Active

6,173 sqft

Commercial

Built in 1948

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 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.

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 endless possibilities awaiting you at 1798 Wabash.

Don't delay - this opportunity won't last long!


BATVAI

20240042338

MLS ID

June 15, 2024

Listed

November 22, 2024

Updated

Map

1798 WABASH Street
Detroit MI, 48216

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres

School Information

School District

Detroit

Other Property Details

Area Name

Det South Of Grand River


Taxes

$2,761


Tax Frequency

Annually


Days on Market

138


Garage

No


View

No


County

Wayne


Pool

No


Zoning

Commercial,Residential

Listing History

Date

Event

Price

11/1/2024

Price change

$900,000

-36%

7/16/2024

Price change

$1,400,000

139999900%

 

Courtesy of Downtown Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gustaf Andreasen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Provided through IDX through Realcomp II LTD
Originating MLS:
©2024 Realcomp II LTD Shareholders 

Data last updated 6:07 AM UTC, 11/22/2024

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