$1,400,000 for Sale

1798 wabash street, detroit, MI 48216

Beds 4 Baths 3 6,173 Sqft 0.15 Acres 1 of 5
Property Description
Corktown's Hottest Property! Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value. Highlights: Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development. Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity. Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility. Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future. Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike. Why Invest: This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors. Act Now: Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long! BATVAI
General Information
Sale Price: $1,400,000
Price/SqFt: $227
Est. Payments: $9,192*
Status: Active
MLS#: 20240046886
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: sub of pt of ol no 1 lafferty farm (plats)
Acres: 0.15
Lot Dimensions: 50x130
Bedrooms:4
Bathrooms:3   (1 full, 2 half)
House Size: 6,173 sq.ft.
Acreage: 0.15 est.
Year Built: 1948
Property Type: Single Family
Style: Other
Features & Room Sizes
Paved Road:  Paved
Garage:  1 Car
Garage Description:  Attached
Construction:  Block/Concrete/Masonry,Brick
Exterior:  Block/Concrete/Masonry, Brick
Basement:  No
Foundation :  Slab
Heating:  ENERGY STARĀ® Qualified Furnace Equipment, Radiant, Space Heater
Fuel:  Natural Gas
Waste:  Public Sewer (Sewer-Sanitary)
Watersource:  Public (Municipal)
Tax, Fees & Legal
Home warranty:  No
Est. Summer Taxes:  $2,471
Est. Winter Taxes:  $290
HOA fees:  0
Legal Description:  E WABASH 60 SUB OF PT OF O L NO 1 LAFFERTY FARM L1 P193 PLATS, W C R 8/21 50 X 130
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders Listing By: Jeffrey Rutledge of Downtown Realty, Phone: (313) 466-7253
(810) 922-0431 Call Barbara Clay for more information about this property.

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Listings Presented by:
Barbara Clay
Call:
(810) 922-0431

Office:
(810) 733-3333

This Single-Family Home located at
1798 wabash street, detroit MI, 48216
is currently for sale. This property is listed for $1,400,000.
For Sale | $1,400,000 | 4 Bed, 3 Bath | 6,173 Sq Ft MLS ID rcomi20240046886
1798 wabash street has 4 bedrooms, approximately 6,173 square feet. This home is in the detroit school district and has a lot size of 50x130 with 0.15 acres and was built in 1948. 1798 wabash street is in detroit and in ZIP Code 48216 area.
If you have any question about this property or any others, please don't hesitate to contact me.