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2300 Michigan Ave 3,003 SF Retail Building Detroit, MI 48216 $725,000 ($241.43/SF)
Executive Summary
Positioned along the most exciting stretch of Michigan Avenue in Corktown, this 3,200-square-foot building sits on a 0.258- acre site (11,238 square feet) and offers exceptional visibility in one of the city’s most active development corridors. Located directly across from Ford’s Michigan Central Station on Michigan Avenue, the property presents a rare opportunity for an owner- user, investor, or developer to acquire a highly visible asset in one of Detroit’s fastest-growing neighborhoods. Neighbors: Michigan Central Station, Ford Motor Company, Level 3 Communications, Southwest Greenway, Honeybee Market, Airspace Link, Ford Motor Co.’s Book Depository, New Lab Michigan Central, Detroit Bus Company, IMA, Slows BBQ, Metropolis Cycles, Mercury Burger Bar, Grandma Bob’s, Corktown Health Center, Detroit Public Safety Academy and UPS Detroit International Import Hub
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,003 SF
Building Class
C
Year Built
1953
Price
$725,000
Price Per SF
$241.43
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
B4
Frontage
110’ on Michigan Ave
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-000284 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $140,700 |
Property Taxes
Parcel Number
10-000284
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$140,700
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