16014 E Warren Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48224
Key Details
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 4,960 sqft
Price per Sqft $25
Subdivision East Detroit Development Cos No 1 (Plats)
MLS Listing ID 20240089430
Bedrooms 2
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $6,304
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40 x 100
Property Description
This MIXED-USE building with 2 addresses located on A HIGH TRAFFIC STREET! HIGHLY DEVELOPING AREA with new construction developments, businesses, restaurants and much housing within a mile radius. This particular property features 2 separate store fronts with two separate addresses both with over 1,000 square feet just on the first story of open space to build and customize to your liking! This property's first story could be storage, office use, retail space, event hosting, business management, or serve as a business location for any service business with the opportunity for the owner to live above in either of the 2 two-bedroom units above. This location also would work for an investor looking for a possible 4 different incomes (2) being commercial tenants and (2) residential tenants above! Sitting above these two store fronts are (2) separate 2-bedroom apartments. Both of these apartments feature their own living room that is humongous with hardwood flooring throughout, also separate kitchens and full bath with both tub and shower. There is also much sweat equity to be created! This property features a basement foundation that is over 2,000 square feet (separated by each individual address) that can be finished or used as additional storage for either of the tenants or possibly charging a 5th and 6th tenant just for storage space.
THIS PROPERTY IS OVER 5,000 SQUARE FEET OF ABOVE GROUND SPACE!
I have contacts to HELP YOU FINANCE THIS PROPERTY WITH COMMERCIAL FINANCING ON A 30 YEAR MORTGAGE TERM JUST ASK ME!
We are also offering LAND CONTRACT TERMS DIRECT WITH SELLER!
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Commercial,Multiple,Recreation,Residential
Direction Just West of the intersection East Outer Drive and East Warren Avenue (located on East Warren)
Interior
Heating Radiant
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal),Water at Street
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID 21002358.
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Contract,Conventional,Warranty Deed
Listing Terms Cash,Contract,Conventional,Warranty Deed
Financing Cash,Contract,Conventional,Warranty Deed
Special Listing Condition Full Service