Address
2607 14Th St Detroit, MI
Price
$ 2,050,000
Property Attributes
  • MLS#40127864
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48216
  • StyleCommercial/Industrial
  • Taxes3128
  • Price$ 2,050,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15600
  • Lot Size1.2 Acres
Listing Provided Courtesy Of:
O'Connor Realty
Property Description

Development opportunity in Corktown within the $700-million Ford Corktown Campus investment, which promises 5,000 new jobs in a three-block radius. Anchoring the high-trafficked 14th Street intersection, the property is located one block from the iconic train station, currently undergoing a $350-million renovation by Ford Motor Company. Within the Greater Corktown Neighborhood Framework Plan, the area expects a demand up to 1,100 new residential units over next 10 years. Includes 42,000-square-feet of land along 14th/15th Streets as well as a 15,500-square-foot brick building. Zoned R-2/R-3, suitable for +/- 80 residential units, including the redevelopment of the existing building, and new construction apartment building and townhomes. Close proximity to all major freeways; walkable to all the neighborhood amenities; a half mile from the Detroit Riverfront. Corktown demands high rents and sale comps, with rental comps up to $2.50/square foot and condo comps up to $450/square foot.

Price History
12/3/2020 Listed $2,050,000

General Features

Class COM/IND/BUS OPP
Directions north of Michigan Ave west of Rosa Parks
Financial Terms Cash, Conventional
Heating Electric Heat, Other-See Remarks
Legal Description W FOURTEENTH 73 72 EXC TRIANG PT BG S 27 FT ON W LINE & W 55 FT ON S LINE SUB OF GODFROY FARM L1 P293 PLATS, W C R 10/32 82 IRRE
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subdivision PLAT OF SUB OF PT GODFROY FARM (PLATS)
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 9999
Zoning Residential

Interior Features

Fuel Type Electric

Exterior Features

Exterior Aluminum, Brick
Foundation Type Slab
Frontage 550
Lot Dimensions 82.00X136.00
Lot Size Area 1.2
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48216

Price
AVG $700K
$2.05M
Taxes
AVG $3,261
$3,128
Visits
AVG 29
9
Walkscore
AVG 69
66
Data Provided by Walkscore ® not using MLS data