MLS # 20230002776, Listed by Hub LLC|(734) 667-14817059 Michigan Avenue is a $325,000, 3,052 square foot home on a 0.36 acre lot located in Detroit, MI.
Unique opportunity featuring 68’ of road frontage on the heavily trafficked Michigan Avenue and minutes from the commercial hubs of Dearborn, Corktown and South West Detroit. Parcel is zoned B4 and provides a secured parking lot. The former Exclusive Yacht Club (Sunset Strip) offers approximately over 3,000 square feet and two floors of rehabilitatable space which includes bar equipment, sound system and updated commercial kitchen (new 2021). The sale includes 2 additional R2 vacant lots, 4467 & 4471 Parkinson- for either expanded parking or residential building. An excellent time to seize the opportunity and invest in the rapidly redeveloping Michigan Avenue corridor. *****THE LIQOUR AND CABARET LICENSES ARE ALSO AVAILABLE FOR PURCHASE IN ADDITION TO THE REAL ESTATE.***** Various purchase options available: $325,000 As Is $425,000 As Is with Liquor License $550,000 As Is with Liqour License and Cabaret License *The Cabaret License is tied to the address. The city of Detroit is no longer offering Cabaret Licenses.
| Above Grade Sqft | 3,052 |
| Heating Types | Forced Air Gas |
| Exterior Features | Fenced Other Transaction Type (Commercial) - Sale Commercial Exterior Features - Perimeter Fence Road Frontage Type (Commercial) - Gravel Road Frontage Type (Commercial) - Paved Inventory (Commercial) - Inventory Included - Yes |
| Construction Types | Block/Concrete/Masonry Other Basement |
| Land Type | Zoning - Commercial Zoning - Residential Settlement - City |
| Property Type | Family-Less Than 1/2 Acre |
| Property Sub Type | Commercial Type - Real Estate Only |
| Style Characteristics | 3 Story |
| Style | Business Type (Commercial) - Residential |
| Year Built | 1926 |
| Association Fee | $0.00 |
| Taxes | $5,491.00 |
| County | wayne |
| School District | detroit |
| Neighborhood | Larkins T |
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