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1250 Library St Detroit, MI 48226

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For Sale
$7,000,000

Fully occupied mixed-use building in downtown Detroit for sale.

Lot size:
0.12 Acres

Property Features for 1250 Library St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.12 Acres

Building Details

Year built
1907

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Listing Contact
Lisa Debs
Source: Elliman

Listing Agent: Lisa Debs

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Detroit Mixed-Use Loft Building

This fully occupied mixed-use building at 1250 Library is home to eight traditional-style lofts suitable for live/work arrangements, one office, one art studio, and Vicentes Cuban Cuisine. The property has been owned, renovated, and maintained since 1992. Architectural features include exposed ductwork and brick, complemented by original maple floors. The units are bi-level and equipped with dishwashers, refrigerators, gas ranges, and in-unit washer/dryers. The building boasts high ceilings and unique spaces. Its location offers convenient access to sports stadiums, concert venues, restaurants, Campus Martius, the Opera House, and the River Walk. The Walkers Paradise score is 98. There is a waiting list of interested renters.
Location Intelligence

Current Use by Public Records

Vicente’s Cuban Cuisine Restaurant Vicente Cuban Cuisine Restaurant Jerome H. Remick ... Insurance Agency Library Lofts Apartment Building Fieldstone Properties Property Management Company

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Daycare Center Skin Care Clinic Grocery & Convenience Store

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

Location Insight

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City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0469085
Latitude
42.3345616

FAQs

What type of property is this?
Mixed-use property - Fully occupied mixed-use building in downtown Detroit for sale.
Where is this mixed-use property located?
The property is located at 1250 Library St Detroit, MI.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: - 100% Occupied with Diverse Tenants: Enjoy immediate income from lofts, office, art studio, and a restaurant.; - Prime Location: A Walker's Paradise with a score of 98, putting you close to sports stadiums, concert venues, restaurants, Campus Martius, the Opera House, and the River Walk.; - Unique Loft Features: Traditional style lofts boast exposed ductwork and brick, original maple floors, and bi-level units.
More about this property
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