$5,600,000
Active

629 W Milwaukee Street

Detroit, MI 48202
0.15 acres | #R20221011472
Browse 25 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Originally built in 1933 as a hotel for General Motors with a speakeasy bar (now retail space), 629 Milwaukee is home to 35 fully renovated residences with a swimming pool and lounge. The brick four story building has just completed a $1,200,000 full head-to-toe renovation throughout the interiors of apartments, common areas, utility rooms, and exterior brick restoration and is 100% occupied. Anchoring the corner of West Milwaukee and Second Avenue, including an attached parking lot on a 10,600 square feet lot to the east. The additional land is a prime location for mixed-use development. Surrounded by some of Detroit's most iconic architecture and desirable restaurants, 629 West Milwaukee is just steps from the Baltimore Q-Line Station. Tour Schedule - Thursday June 30th 1pm - 3pm Call for Offers - Wednesday July 6th - 5pm

  • Property Details
      • Acres0.15
  • Construction Details
      • Year Built1933
    • Material information
      • FoundationSlab
  • Community and Neighborhood Details
      • SubdivisionLEAVITTS PT OF FRAC SEC 31
    • Location
      • CountyWayne
  • Financial Details
      • Original List Price$5,600,000
      • Days on Market (Cumulative)289
      • Buying Agency Compensation2%
  • Other
      • MLS #R20221011472
  • -
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
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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