Live-Work and Restaurant
For Sale
$5,900,000
1250 Library Street, Detroit, MI 48226
Eight traditional live/work lofts plus an office, art studio, and Cuban restaurant are 100% occupied.
Property SizeContact for details
Days on Market71
Property Features for 1250 Library Street
General Information
Standard status
Active
Occupancy
100%
Units
Multifamily Units
8
Office Units
1
Taxes and HOA fees
Annual Taxes
$19,266
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
Stone Realty Group, LLC
Listed By:
Megan VonDeylen · License #6502431546
(517) 736-4677
Source:
Sellwithmeganv.idxbroker
Added: Jul 17
Changed: Sep 25
Last Checked: Sep 24 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stone Realty Group, LLC
Investment Insights
Based on property information with market context.
1250 Library is a 100% occupied mixed-use building featuring eight traditional-style live/work lofts, one office, one art studio, and Vicentes Cuban Cuisine. The property has been owned, renovated, and cared for since 1992, with finishes including exposed ductwork and brick, original maple floors, and bi-level unit layouts. Each unit is outfitted with in-unit appliances, including dishwashers, refrigerators, gas ranges, and in-unit washer/dryer.
The building is walkable, with a Walk Score of 98, placing it within walking distance of sport stadiums, concert venues, restaurants, Campus Martius, the Opera House, and the River Walk.
Financial information is available upon NDA/Non-Circ/POF, and the property reports a waiting list from interested renters.
The building is walkable, with a Walk Score of 98, placing it within walking distance of sport stadiums, concert venues, restaurants, Campus Martius, the Opera House, and the River Walk.
Financial information is available upon NDA/Non-Circ/POF, and the property reports a waiting list from interested renters.
Key Highlights
- 100% occupied live/work property with 8 traditional style lofts plus 1 office and 1 art studio
- On‑site Vicentes Cuban Cuisine restaurant included as part of the 10 total occupied spaces
- Bi‑level unit layouts with exposed duct work and brick, plus original maple floors and high ceilings
Property Analytics
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Current Use
Lease Details
1
Office units
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,812
Businesses Nearby
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Business Placement
Demographics for 48226, MI
6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value
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Market
Vacancy Rate% for Office in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Live-work space - Eight traditional live/work lofts plus an office, art studio, and Cuban restaurant are 100% occupied.
Where is this live-work space located?
The property is located at 1250 Library Street Detroit, MI.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 100% occupied live/work property with 8 traditional style lofts plus 1 office and 1 art studio; On‑site Vicentes Cuban Cuisine restaurant included as part of the 10 total occupied spaces; Bi‑level unit layouts with exposed duct work and brick, plus original maple floors and high ceilings
