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$575,000
Est. payment /mo
8,633 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,633 sqft
Price per Sqft $66
MLS Listing ID 60942630
Annual Tax Amount $3,237
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 60.00 x 120.00
Property Sub-Type Commercial/Industrial
Property Description
Prime opportunity to own two iconic properties on the Historic First Mile of Woodward Ave - 18400 & 18422 Woodward, located directly across from the revitalizing Palmer Park! With unmatched charm, visibility, and flexibility, this package is perfect for investors, restaurateurs, and visionaries. 18400 Woodward is approx. 5,500 sq/ft and features a fully equipped commercial kitchen with hood/exhaust, a 3-compartment dishwashing sink, and two front entrances - ideal for operating two businesses or creating a dynamic restaurant/bar concept. Three rear exits lead to a gated, fenced-in parking lot. Above, a spacious 1,850 sq/ft, 3BR/1BA apartment with private side entrance offers income or live/work potential. Just next door, 18422 Woodward is a 3,100 sq/ft architectural gem - boasting original hardwood floors, fireplaces, an octagon-shaped front room, Turret Room, and a small commercial kitchen. This space is perfectly suited for a boutique café, wine bar, or coffee shop - pair it with a restaurant across the lot for a destination dining hub full of historic character. Upstairs includes 4 charming bedrooms, rooftop patio access, and a partially finished basement with a cozy library and fireplace. Unbeatable location with strong upside in a growing corridor. Seller is open to creative/seller financing - don't miss this rare chance to invest in Detroit's next hotspot!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional
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Listed by NATOD Management
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