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2
Full Baths21,718
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Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! Needs new electrical and plumbing.
Type
- Multi Family
City/Township
- Detroit
Year Built
- 1924
MLS#
- 20240001555
Lot Size
- 0.15 Acres
Style
- Historic
Est. Finished Above Ground
- 21,718 sq ft
Basement
- Unfinished, Walkout Access
Road Type
- Paved
Listed By
- Arterra Luxe Collection Llc
County
- Wayne
Schools
District
- Detroit
Taxes
Taxes
- $570
MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
---|---|---|---|---|---|---|---|
20240001555 | Mar 21 2024 4:10PM | $3,999,999 | $4,799,999 | 131 | |||
20240001555 | Mar 13 2024 7:25PM | $4,799,999 | $4,999,999 | 131 | |||
20240001555 | Feb 8 2024 11:55AM | $4,999,999 | $5,299,999 | 131 | |||
20230103118 | Withdrawn | Active | Jan 9 2024 11:26AM | 25 | |||
20240001555 | Active | Jan 9 2024 11:25AM | $5,299,999 | 131 | |||
20230103118 | Jan 5 2024 12:25PM | $5,299,999 | $5,399,999 | 25 | |||
20230103118 | Active | Dec 15 2023 7:55AM | $5,399,999 | 25 |