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    1798 Wabash St Detroit, MI 48216

    For Sale
    $900,000

    Real Estate Only - Detroit, MI

    Property size:
    6,173 SF
    Lot size:
    0.15 Acres
    Days on Market:
    76
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 1798 Wabash St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Residential
    APN
    W08I008716S
    Size
    6,173 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1948
    Floors in Building
    1
    Building materials
    Block, Brick, Concrete
    Architectural style
    Other

    Downtown Realty (313) 466-7253 [email protected]

    Listing agent Lawrence Else (313) 466-7253

    Listing date Sep 22, 2025

    MLS# 20240042338 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corktown Mixed-Use Development Opportunity

    Located in Detroit's Corktown district, this property at 1798 Wabash Street offers an opportunity for investors, developers, and entrepreneurs. The property is situated near the Michigan Central Station. Currently configured as a non-conforming commercial use within an R2 zoned area under Detroit's Master Plan, the site allows for single-family or condo development. The existing structure features over 6000 square feet of space divided into 4 units, each equipped with 220-volt electricity. There is potential to expand to 6 units and add a second floor. The property is located in Corktown, adjacent to the historic Michigan Central Station, and is near cafes, shops, and dining options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0729688
    Latitude
    42.3284901

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Detroit's Corktown, near Michigan Central Station.
    Where is this mixed-use property located?
    The property is located at 1798 Wabash St Detroit, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime location in Corktown, steps from the revitalized Michigan Central Station.; - Significant development potential: Zoned R2, allowing for single-family or condo development.; - Large 6000+ sqft space, currently divided into 4 units with 220-volt electricity.
    (313) 466-7253
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    Detroit, MI 48216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1798 Wabash St Detroit, MI 48216
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