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2424 Michigan Ave 3,000 SF Retail Building Detroit, MI 48216 $770,000 ($256.67/SF)
Investment Highlights
- Excellent frontage along Michigan Avenue in Detroit’s historic Corktown district, one of the city’s fastest-growing neighborhoods.
- Positioned near major landmarks and businesses including Michigan Central Station, Ford Motor Company campus, Slows BBQ, and Corktown Health Center.
- Located in a designated Opportunity Zone, allowing qualified investors to capitalize on significant tax incentives for redevelopment and investment.
- Includes three contiguous addresses (2400, 2410, and 2424 Michigan Ave) for a larger combined footprint, enhancing future development potential.
- Billboard included with the property provides supplemental income potential and strong advertising visibility.
- Situated on a 0.292-acre site with easy access to downtown Detroit, Southwest Greenway, and nearby retail, dining, and innovation hubs.
Executive Summary
This 3,000-square-foot commercial building occupies a 0.292-acre site (12,719 square feet) along Michigan Avenue in Corktown. The property offers a compelling opportunity for an owner-user, investor, or developer seeking frontage on one of the city’s most heavily traveled corridors. In addition to the existing building, the offering includes a billboard, which provides supplemental income potential and added visibility. The sale includes 2400, 2410, and 2424 Michigan Avenue, creating a larger footprint in a neighborhood experiencing significant growth and investment. 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
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
C
Year Built
1949
Price
$770,000
Price Per SF
$256.67
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial Zoned District
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-000275 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $117,000 |
Property Taxes
Parcel Number
10-000275
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$117,000
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2424 Michigan Ave
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