16209 Warren AveDetroit, MI 48224

For Sale
$224,995
Detroit Restaurant & Apartment

Overview

Added:
Dec 11, 2024
Days on market:
126
This 4,486 sq ft mixed-use property in Detroit, MI, presents a unique investment opportunity. Located on East Warren Avenue, this building boasts a ground-floor restaurant space and a four-bedroom apartment on the second floor. Built in 1951, the two-story structure sits on a prime location within a revitalized area, benefiting from an $8.8 million streetscape improvement project. The property is zoned B4 (General Business District) and is situated in an Opportunity Zone. Its proximity to the "Ribbon," a large mixed-use development, and a newly announced public market further enhances its potential. The area is experiencing significant growth, with new developments aiming to attract businesses and improve infrastructure. This property offers a blend of commercial and residential income potential in a rapidly developing neighborhood. The building consists of one unit, and the property is classified as Class C. The address is 16209 E Warren Ave, Detroit, MI 48224. This is an exceptional chance to capitalize on the ongoing revitalization of the East Warren corridor.

Highlights

  • 4,486 sq ft mixed-use building in Detroit, MI.
  • Ground floor restaurant space and a four-bedroom apartment.
  • Located on E. Warren Ave in a revitalized Opportunity Zone with B4 zoning.
  • Benefits from an $8.8 million streetscape improvement project and proximity to the "Ribbon" mixed-use development and a new public market.
  • Class C property at 16209 E Warren Ave, Detroit, MI 48224.

Property Details for 16209 Warren Ave

Property type
Retail properties, Restaurants
Square Feet
4,486 SF
Class
C
Year Built
1951
Buildings
1
Stories
2
Units
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.402275995904
Longitude
-82.940995046756
16209 Warren Ave, Detroit, Michigan

FAQs

What type of property is this?
Retail property - Detroit Restaurant & Apartment
Where is the retail property located?
The property is located at 16209 Warren Ave Detroit, MI.
What is the asking price?
The asking price for this property is $224,995.
What are key features of this property?
This property features: 4,486 sq ft mixed-use building in Detroit, MI.; Ground floor restaurant space and a four-bedroom apartment.; Located on E. Warren Ave in a revitalized Opportunity Zone with B4 zoning.
How can I contact the broker?
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16209 Warren Ave
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