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4665 MICHIGAN Avenue

$ 198,000


Just blocks away from Corktown, minutes from Downtown Detroit, this unique location on Michigan Avenue is hot and is ready for a savvy investor and/or business owner who has a great idea for this huge space. This was a former open retail space. It has a lavatory and heating unit that looks fairly in good shape. This is zoned commercial industrial space. In the photos, there is a rendering done on what this property can look like. Purchaser to pay $495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Address: 4665 MICHIGAN AVE
Zip: 48210
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Property Id : 24812
Price: $ 198,000
Building size: 0.07 acres
Available Space: 2174 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 Story
Assessment: 900
Building Area Source: Other
CDOM: 189
Commercial Type: Apartments,Business And Real Estate,Business Opportunity,Commercial,Industrial
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Vacant
Deposit Amount: 80000.00
Directions From EastWest: W
Directions From EastWest Detail: CORKTOWN
Directions From NorthSouth: S
Directions From NorthSouth Detail: 30th Street
DOM: 189
Foundation Details: Post and Piers,Slab
Foundation Materials: Poured
Frontage Feet: 35
Gross Scheduled Income: 120000.00
Heating: Other
Heating Fuel: Natural Gas
Land Interest Rate: 8
Land Payment: 3000
Land Terms: 36
Last Change Type: Price Decrease
List Office Name: Downtown Realty
List Price By Acre: 2828571.4286
Lock Box Type: Appointment
Lot Size Dimensions: 100x20
MLS: Realcomp II Ltd
MLS Area Major: Det South Of Grand River
MLS Area Major Number: 05101
MLS Number: 219020818
Monthly Sales: 10000
Annual Net Income: 100000.00
Operating Expense: 20000.00
Original List Price: 275000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W16I001619C20
Postal City: Detroit
Postal Code Plus 4: 3245
Property Type: Commercial
Protection Period: 90
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street,Sewer-Sanitary
Short Sale: No
Sqft Main: 2174
Sqft Office: 2174
Sqft Source: remine
State Equalized Value: 16100.0000
Street Name: MICHIGAN
Street Number: 4665
Street Suffix: Avenue
Subdivision Name: STECHER & RATHS (PLATS)
Table: Commercial
Taxable Value: 15315.0000
Tax Amount Summer: 2079.0000
Tax Amount Winter: 142.0000
Tax Legal Description: S MICHIGAN 14&15 EXC MICHIGAN AVE AS WD STECHER & RATHS SUB L4 P66 PLATS, W C R 16/74 65.41 IRREG
Title: Private - Owned
Total Tax: 2221.0000
Unit Count: 0
Water Source: Municipal Water,Water at Street
Year Built: 1955
Zoning: Commercial
APOD Available: No
Customer Comment: Yes
Encroachment: No
Inventory Included: No
Inventory List: No
Land Contract: Yes
Legal Rental Certified: No
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Downtown Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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