Homes for sale - 679 PETERBORO Street, Detroit, MI 48201

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Chris Lynn

chris@sellsmihomes.com +1(248) 914-7228

$1,300,000

Est. payment - /mo

2 Beds

2,508 SqFt

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UPDATED:

07/08/2024 02:01 AM

Key Details

Property Type Commercial

Sub Type Apartments,Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 2,508 sqft

Price per Sqft $518

Subdivision Cass Farm Sub (Plats)

MLS Listing ID 20240048236

Bedrooms 2

Originating Board Realcomp II Ltd

Year Built 1920

Annual Tax Amount $151

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 34 x 190

Property Description

This one-of-a-kind property offers a unique blend of commercial, residential, and development potential in the heart of Detroit. Centrally located between Motor City Casino, Little Caesars Arena, and Founders Taproom, this property benefits from high traffic and business visibility, making it an ideal investment. The property features a commercial storefront with over 1,000 sqft, bright front windows, exposed trusses, concrete floors, a "commercial style" kitchen, and a handicapped accessible bathroom. Behind the commercial space lies a former duplex, now transformed into a modern masterpiece while retaining authentic Detroit charm. Inside, you'll find a grandiose 2-story living room adjacent to an ensuite, with wide stairs leading to a studio bedroom and master suite. This incredible mixed-use property offers a unique opportunity to live, work, and develop in the heart of Detroit. The deep backyard is fully fenced and features a salon, while the wide concrete drive next door, accessible via an alley, can accommodate nearly a dozen cars. Adding to its allure, the property includes an adjacent lot that is 190 ft. deep, providing ample parking and outdoor space for business and entertainment purposes. This property is an absolute jewel as is, or it can be converted to suit whatever the developer chooses. It includes a stage, an open area with a built-in bar, and a backyard salon that is to die for. Words cannot do it justice—this is a must-see and will not last! The historic structure, with its authentic old Detroit charm, offers multiple purposes with its commercial and residential offerings. It also boasts newer furnace, A/C, and ductwork. Whether you're looking to live, work, or both, this property offers unmatched versatility. Please note, rental of only the commercial space is an option. Do not disturb the tenant. This building is a "hidden gem" of Detroit, blending historic charm with modern convenience in a prime location. Located just a block from the Peterboro and one more from the new Arena, this hid

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Commercial,Multi-Family,Multiple,Residential

Direction South on Third then right on Peterboro

Interior

Hot Water Natural Gas

Heating Forced Air

Exterior

Utilities Available Smoke Alarm, Circuit Breakers

Waterfront no

Roof Type Asphalt,Rubber

Road Frontage Paved

Building

Foundation Slab, Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Structure Type Brick,Vinyl

Schools

School District Detroit

Others

Tax ID 04000618.

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 2018

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Special Listing Condition Full Service

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Listed by Erick Howard of Amin Realty

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Chris Lynn

+1(248) 914-7228

Agent | License ID: 6501380823

Agent License ID: 6501380823

679 PETERBORO Street Detroit, MI 48201

Chris Lynn

Chris Lynn

Key Details

Location

Interior

Exterior

Building

Schools

Others

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679 PETERBORO Street

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