16209 E WARREN Avenue Active

Detroit,MI 48224 3266

$ 194900

- Bed

- Bath

3940 SqFt


Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,940 sqft

Price per Sqft $49

Subdivision Mi

MLS Listing ID 60323365

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 Detroit (82001)

Zoning Commercial

Interior

Heating Forced Air

Building

Foundation Slab

Water Public Water

Structure Type Stone

Others

Ownership Private

Assessment Amount $100

Energy Description Natural Gas

Financing Cash,Conventional,Exchange/Trade

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