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Realty Executives Showcase Commercial

showcasecommercial@realtyexecutives.com +1(586) 726-4600

$ 1,699,000

Est. payment -/mo

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2948 Biddle Avenue Wyandotte, MI 48192

5 Beds

17,076 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartments,Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 17,076 sqft

Price per Sqft $99

MLS Listing ID 20251034477

Bedrooms 5

Year Built 1861

Annual Tax Amount $6,958

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 75X142

Property Sub-Type Apartments,Real Estate Only

Source Realcomp II Ltd

Property Description

LOCATED IN THE HEART OF WYANDOTTE'S THRIVING RIVERFRONT DISTRICT, THIS FULLY RENOVATED PROPERTY OFFERS MULTIPLE INCOME STREAMS IN ONE OF SOUTHEAST MICHIGAN'S MOST VIBRANT DOWNTOWNS. SURROUNDED BY UPSCALE RESTAURANTS, SHOPPING, BARS, AND YEAR-ROUND COMMUNITY EVENTS, THIS PROPERTY SITS IN THE CENTER OF A HIGH-DEMAND DESTINATION WITH STRONG FOOT TRAFFIC. THE PROPERTY FEATURES THREE ESTABLISHED BUSINESSES: TOTAL HEALTH FOODS (APPROX. 10,000 SF GROCER/DELI – BUSINESS AVAILABLE SEPARATELY), YOGURT CO. (APPROX. 2,100 SF), AND WYANDOTTE HEALING CENTER (APPROX. 2,400 SF). ALL ARE FULLY LEASED AND OPERATING SUCCESSFULLY. IN ADDITION, THE SECOND FLOOR INCLUDES FOUR FULLY LEASED APARTMENTS (THREE 2-BEDROOM UNITS AND ONE 3-BEDROOM UNIT) PLUS APPROX. 1,200 SF OF UNFINISHED SPACE WITH EXPOSED BRICK AND ROUNDED WINDOWS READY FOR FUTURE DEVELOPMENT. EACH BUILDING OFFERS A DRY BASEMENT FOR STORAGE, AND THE SITE INCLUDES AN ADDITIONAL 54 FEET OF FRONTAGE ON FIRST STREET, FURTHER ENHANCING VISIBILITY AND EXPANSION OPPORTUNITIES. A TAX INCENTIVE IS ALSO IN PLACE THROUGH 2028. THIS IS A RARE CHANCE TO OWN A TURN-KEY PROPERTY WITH ESTABLISHED INCOME AND TREMENDOUS UPSIDE FOR GROWTH IN ONE OF METRO DETROIT'S MOST DESIRABLE DOWNTOWN COMMUNITIES. SHOWINGS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS OR EMPLOYEES.

Location

State MI

County Wayne

Area Wyandotte

Zoning Multi-Family,Multiple,Office

Direction BIDDLE AV PASS OAK ST

Exterior

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer at Street

Water Public (Municipal)

Structure Type Brick,Wood

Schools

School District Wyandotte

Others

Tax ID 57255019807001

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2020

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by Ali T Charara of Century 21 Curran & Oberski

GET MORE INFORMATION

Realty Executives Showcase Commercial

+1(586) 726-4600

showcasecommercial@realtyexecutives.com