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7059 Michigan Avenue

Detroit, MI 48210
  • $320,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 23145986
UPDATED: 32 min ago
$320,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1926
County:

School Ratings & Info

School District:

Description

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.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-03-04T08:56:24.63.
www.kalamazoorealty.com/homes/146277999
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7059 Michigan Avenue Detroit, MI 48210

  • Price: $320,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 32 min ago
  • MLS #: 23145986
0
Beds
2
Baths
0
½ Baths
0.36
Acres
1926
Built
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
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.
Exterior Features

Construction Materials OtherBlock Foundation Details Other Road Surface Type Paved Roof Concrete Waterfront YN No

Interior Features

Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type OtherRestaurantBar/Tavern/LoungeStorageRetail Cross Street Michigan Avenue & Parkinson Documents Available [] Inclusions "Real Estate": true"Licenses": true"Inventory": true"Furniture": true"Equipment": true Lease Considered YN No Listing Terms Cash New Construction YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 5491 Tax Year 2023 Utilities Phone AvailableStorm Sewer AvailablePublic Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric AvailableCable AvailableBroadband AvailablePhone ConnectedNatural Gas ConnectedElectric Connected Water Source Public Zoning CommercialResidential

Listing provided courtesy of William Binford of Hub, LLC: 734-667-1481. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-03-04T08:56:24.63.
 
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Kalamazoo Realty
2425 S 11th St, Suite A
Kalamazoo MI, 49065