Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, between Electric Cheetah and The Meanwhile Bar. This historic mixed-use building is construction-ready with Historic Preservation Commission approval, completed permit drawings and established construction pricing. Approved plans include four one-bedroom apartments with in-unit laundry and approximately 1,800 SF of main-floor… Read More white-box commercial space with two restrooms. Suitable for retail, hospitality, restaurant or office use. The property includes parking for three vehicles and a rear yard with patio potential. Incentives include a 10-year OPRA tax abatement, $25,000 Uptown façade grant, $226,983 Revitalization and Placemaking grant, and potential 20% federal and 5% Michigan historic tax credits. Projected ROI is 8.4%. Land-contract terms are available. All information, projections, plans and incentives are estimates and subject to buyer verification, program requirements and agency approval. Read Less
Courtesy of Urban Soil Realty, Bradley S Veneklase.
Listing Snapshot
Days Online
29
Last Updated
Property Type
Retail
Square Ft.
3,600
Lot Size
0.09 Acres
Year Built
1884
MLS Number
26043253
30 Days Snapshot Of 49506
$440k
-21%
(avg) sold price
30
-36%
homes sold
49
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 3,600, Construction Materials: Wood Siding, Number Of Buildings: 1, Number Of Units Total: 2, Year Built: 1884, 3600 total stories
Business Type: Professional/Office, Professional Service, Restaurant, Bar/Tavern/Lounge, Retail, Parcel Number: 41-14-29-379-021, Property Sub Type: Retail
