2933 2ND Avenue, Detroit, MI 48201

$3,999,999
2
BA
List Price
$3,999,999
Price Change
▼ $800,000 1711078526
Days on Market
106
MLS#
20240001555
Status
ACTIVE
Type
Multifamily
Bathrooms
2
Neighborhood
Wayne County - 100

Property Description

Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! Needs new electrical and plumbing.

Additional Information

Taxes
$570

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Ava Pavlina (ava.pavlina@arterraluxe.com) from Listing Office: Arterra Luxe Collection LLC.

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