$1,400,000
For Sale

1798 WABASH STREET

Detroit, MI 48216
6173 sqft | 4 beds | 2 baths | #20240046886
Browse 5 photos
Type:Purchase
Structure:House
Zone:Residential

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

  • Interior Details
      • HeatingENERGY STAR® Qualified Furnace Equipment, Radiant, Space Heater
    • Beds & Baths
      • Total Baths1.20
      • Bedrooms4
      • Bathrooms2
      • Full Baths1
      • Half Baths2
  • Property Details
      • Square Feet6173
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1948
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$1
  • Other
      • MLS #20240046886

Location

Workhorse Realty LLCReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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