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5
Photos
1798 WABASH Street, Detroit, MI 48216
$1,400,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
3
baths
6,173
sqft
Built in
1948
Corktown's Hottest Property! Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value. Highlights: Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development. Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity. Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility. Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future. Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike. Why Invest: This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors. Act Now: Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long! BATVAI
Features & Amenities
Interior
- Heating:
- Energystar qualified furnace equipment, Natural gas, Radiant, Space heater
Exterior
- Style:
- Other
- Pool:
- None
- Parking:
- One car garage, Attached
Construction
- General:
- Block, Brick, Concrete, One, Slab
Location
- Road/Access:
- Paved
- Originating MLS:
- Realcomp II Ltd
- School District:
- Detroit
- County:
- Wayne
Lot
- Zoning:
- E WABASH 60 SUB OF PT OF O L NO 1 LAFFERTY FARM L1 P193 PLATS, W C R 8/21 50 X 130, W08I008716S
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Realcomp II Ltd
This listing courtesy of:
Downtown Realty, Jeffrey Rutledge
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Detroit, MI
Housing
- Number of Units
- 292,561
- Median Home Value
- $70,234
- Median Rent
- $679
53.65% of housing units are renter occupied.
18.25% are vacant.
Commute
- Car
-
71.17%
- Public Transportation
-
5.99%
- Walk to Work
-
3.15%
- Work from Home
-
17.73%
- Other
-
1.42%
The median travel time to work is 23 minutes.
People
- Population
- 593,210
- Median Age
- 36.40
- Median Household Size
- 2.38
Education
- High School
-
33.32%
- Associate’s Degree
-
7.33%
- Bachelor’s Degree
-
9.43%
- Graduate Degree
-
6.96%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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