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$194,900
Est. payment /mo
3,940 SqFt
UPDATED:
12/21/2024 06:25 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $49
MLS Listing ID 20240031571
Originating Board Realcomp
Year Built 1951
Annual Tax Amount $2,676
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25.00 x 100.00
Property Description
Great Opportunity for a small scale mixed-use development project on the E. Warren corridor. B4 - General Business District Zoning Classification/OPPORTUNITY ZONE (The Major Corridor Overlay Area provides the opportunity for more detailed review of proposed development).With retail space on the lower lever and a four (4) bedroom apartment located on the second level above the retail space, this property is situated along the area of the E. Warren corridor that is currently anchoring the revitalization is a $8.8-million streetscape that has made this stretch of East Warren from Three Mile Drive to Cadieux more attractive, as well as more pedestrian and business friendly. The 0.6-mile project, which spans the Morningside and East English Village neighborhoods, includes new protected bike lanes, new pavement, and sidewalks, two parking lots, ADA accessibility, improved lighting, and landscaping.There are several new real estate developments within Detroit's E. Warren corridor, including the construction of the “Ribbon”, which is the largest mixed-use development to date in the area and only two (2) minutes away from this property. "Ribbon" The aim of these developments is revitalizing neighborhoods, attracting businesses, and improving infrastructure. The E. Warren Development Corp is a community and economic nonprofit working to support the revitalization of the E. Warren Corridor, which has just recently announced the ground breaking of a public market on E. Warren where a former abandoned Pizza Hut was formerly located. "Public Market"“We're more than just a market. We are intentional in working to support our local & small businesses to grow, sustain and thrive. This includes supporting and enhancing the E. Warren commercial corridor and adjacent neighborhoods through collaboration, community engagement, and equitable development.? The vision behind this is 100% business occupancy of E Warren with a diverse mix of walkable, accessible community-driven businesses."
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction E Warren Ave & Bedford Rd
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Slab
Sewer Public
Water Public
Structure Type Stone
Schools
School District Detroit
Others
Tax ID W21I002871S
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Listed by Re/Max Connection