679 Peterboro StDetroit, MI 48201

  • Commercial land
  • 0.15 AC

Property Details for 679 Peterboro St

Lot size
0.15 AC
Zone code
SD1
Property type
Commercial land
APN
04000618.
APU
4000618

Description

This exceptional Detroit property offers a unique blend of commercial and residential space, perfectly situated near major attractions like Motor City Casino and Little Caesars Arena. The main building features a 1,000+ sq ft commercial storefront boasting bright windows, exposed trusses, concrete floors, a commercial-style kitchen, and a handicapped-accessible bathroom. A former duplex has been renovated into a stunning modern residence, retaining its historic Detroit charm. The residence includes a grand two-story living room with an ensuite bathroom, wide stairs leading to a studio bedroom and master suite. The property also includes a fully fenced backyard with a salon and an adjacent 190-foot-deep lot providing ample parking and outdoor space. The building's interior features include a stage, an open area with a built-in bar, and a spacious backyard salon. Recent upgrades include a new furnace, A/C, and ductwork. The property's versatility allows for various uses, including living, working, or a combination of both. The commercial space is also available for lease separately. This is a rare opportunity to own a piece of Detroit history with modern amenities in a high-demand location. The wide concrete drive next door, accessible via an alley, can accommodate nearly a dozen cars. This property is being sold as-is.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,555,506
    Hospitality
    $1,424,835
    Educational
    $1,185,446
    Medical
    $1,226,215
    Retail
    $1,844,027

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3428
Longitude
-83.0635
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$141
-
-
$149,400
-
-
-
$298,800

FAQs

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