5000 Mcdougall StDetroit, MI 48211

For Sale
$200,000
8,000 SF Multifamily & Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
126
Discover a unique redevelopment opportunity in Detroit's vibrant Poletown neighborhood. This 8,000 square foot, two-story brick building, constructed in 1923, offers a compelling blend of commercial and residential space. The ground floor presents a fantastic storefront opportunity, ideal for a variety of retail ventures. Upstairs, three spacious apartments provide immediate rental income potential. The property is zoned R3, allowing for flexibility in future development plans. Located just minutes from Midtown, this property boasts a prime location with significant upside. The building is being sold "AS IS, BATVAI," and a waiver is required for property tours. The anticipated occupancy date is November 7, 2024. This is a rare chance to acquire a multi-use property in a rapidly developing area of Detroit, offering substantial returns for the right investor. The property's size and zoning provide ample room for creative redevelopment strategies, catering to a range of business and residential needs. Don't miss this chance to capitalize on the growth potential of this exciting Detroit location.

Highlights

  • 8,000 square foot, two-story brick building in Detroit's Poletown neighborhood.
  • Ground floor offers retail storefront space; upstairs features three apartments generating rental income.
  • R3 zoning allows for flexible redevelopment.
  • Prime location minutes from Midtown, offering significant upside potential.
  • Sold AS IS, BATVAI; property tour waiver required.
  • Anticipated occupancy: November 7, 2024.

Property Details for 5000 Mcdougall St

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Year Built
1923
Stories
2
Units
3

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.367491663714
Longitude
-83.035817415881
5000 Mcdougall St, Detroit, Michigan

FAQs

What type of property is this?
Retail property - 8,000 SF Multifamily & Retail Building
Where is the retail property located?
The property is located at 5000 Mcdougall St Detroit, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 8,000 square foot, two-story brick building in Detroit's Poletown neighborhood.; Ground floor offers retail storefront space; upstairs features three apartments generating rental income.; R3 zoning allows for flexible redevelopment.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5000 Mcdougall St
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