Former Bar with Michigan Avenue
2334 Michigan Ave Detroit, MI 48216
2334 Michigan Ave, Detroit, MI, 48216
$562,500
For Sale
$562,500
Former 2,700-square-foot bar on a 9,017-square-foot site with prominent Michigan Avenue frontage in Corktown.
Property Size2,700 SF
Lot Size0.21 Acres
Price / SF$208.33
Days on Market38
Property Features for 2334 Michigan Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.21 Acres
Listing agency
O'Connor Realty Detroit, LLC
(313) 963-9891
Listed by
Vincent Mazzola · License #6501387170
(313) 963-9891
Source
Exprealty
Added: Jun 14 Updated: Jul 21 at 5:35AM Checked: Jul 21 at 5:35AM
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 O'Connor Realty Detroit, LLC
Investment Insights
Based on property information with market context.
A former 2,700-square-foot bar is offered on a 9,017-square-foot site (0.207 acres). The building includes a flexible layout that can support a range of commercial, hospitality, retail, or adaptive reuse applications. The offering includes 2330 and 2334 Michigan Avenue.
Located in the heart of Corktown, the property benefits from prominent Michigan Avenue frontage. The surrounding area includes established businesses and redevelopment activity, with nearby neighbors such as Michigan Central Station, Ford Motor Company, Level 3 Communications, Southwest Greenway, Honeybee Market, Airspace Link, and other Corktown operators and facilities listed in the remarks.
For an owner-user, investor, or developer, this property combines a compact operating footprint with frontage on a major corridor and a layout suited to multiple potential uses.
Located in the heart of Corktown, the property benefits from prominent Michigan Avenue frontage. The surrounding area includes established businesses and redevelopment activity, with nearby neighbors such as Michigan Central Station, Ford Motor Company, Level 3 Communications, Southwest Greenway, Honeybee Market, Airspace Link, and other Corktown operators and facilities listed in the remarks.
For an owner-user, investor, or developer, this property combines a compact operating footprint with frontage on a major corridor and a layout suited to multiple potential uses.
Key Highlights
- Former 2,700‑square‑foot bar on a 9,017‑square‑foot (0.207‑acre) site in Corktown
- Prominent Michigan Avenue frontage with address 2330 and 2334 Michigan Avenue included
- Flexible building layout suited to commercial, hospitality, retail, or adaptive reuse applications
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $18.60 |
| − Vacancy | −$2.7k | −$1.00 |
| EGI | $47.5k | $17.60 |
| − OpEx | −$11.9k | −$4.40 |
| NOI | $35.6k | $13.20 |
2,700 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$509.0K
$445.4K – $593.9K
NOI $35,631 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$475.1K
$415.7K – $554.3K
NOI $33,256 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,694 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Cork & Gabel — 2415 Michigan Ave, Detroit, MI 48216
- Restaurante — 3955 Vernor Hwy, Detroit, MI 48216
- Vixen’s on Bagley — 2545 Bagley St, Detroit, MI 48216
- Giovanna's Lounge — 3537 W, 3537 Vernor Hwy, Detroit, MI 48216
- Donovan's Pub — 3003 Vernor Hwy, Detroit, MI 48216
FAQs
What type of property is this?
Bar & Pub - Former 2,700-square-foot bar on a 9,017-square-foot site with prominent Michigan Avenue frontage in Corktown.
Where is this bar & pub located?
The property is located at 2334 Michigan Ave Detroit, MI.
What is the asking price?
The asking price for this property is $562,500.
What are key features of this property?
This property features: Former 2,700‑square‑foot bar on a 9,017‑square‑foot (0.207‑acre) site in Corktown; Prominent Michigan Avenue frontage with address 2330 and 2334 Michigan Avenue included; Flexible building layout suited to commercial, hospitality, retail, or adaptive reuse applications
