Address
313 Michigan Ave Detroit, MI
Price
$ 1,200,000
Property Attributes
  • MLS#40184583
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48226
  • StyleCommercial/Industrial
  • Year Built1950
  • Taxes$ 5240
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4800
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
O'Connor Realty
Data Source:
MiRealSource (MIRS) - 138 - MI
Property Description

313 Michigan Avenue consists of 2,800 square feet of retail space on the ground floor; floors two and three each have a 1,000-square-foot apartment. This property is in an Opportunity Zone and presents a rare opportunity to invest, occupy or develop in the heart of Detroit's Central Business District. 313 Michigan Avenue is strategically located at the intersection of Michigan Avenue and Washington Boulevard in Detroit's Central Business District. Located next to the Gabriel Houze, the Westin Hotel, and the Book Tower, this highly leasable property enjoys a prestigious roster of co-tenants, a walkable presence, as well as convenient access to Detroit's greatest retailers, restaurants and attractions.

Price History
6/11/2021 Listed $1,200,000

General Features

Class COM/IND/BUS OPP
Directions Google Maps
Financial Terms Cash, Conventional
Heating Forced Air
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subdivision MILITARY RESERVE (CR)
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 1950
Zoning Commercial, Multi-Family, Professional Office, Residential

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Brick
Foundation Type Basement
Frontage 24
Lot Dimensions 24.00X120.00
Lot Size Area 0.07
Roads Class A
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 48226

Price
AVG $2.42M
$1.2M
Taxes
AVG $9,539
$5,240
Visits
AVG 47
2
Year Built
AVG 1929
1950
Walkscore
AVG 84
95
Data Provided by Walkscore ® not using MLS data