3730 Buchanan St Detroit, MI 48208
Property Features for 3730 Buchanan St
General Information
- Property type
- Individual retail properties
- Square Feet
- 7,000 SF
Building Details
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Clyde Realty LLC Listing Agent: Alex Lauer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This vacant, 7,000-square-foot storefront at 3730 Buchanan Street in Detroit, Michigan, presents a unique investment opportunity. Located in Wayne County, zip code 48208, this single-story, mixed-use building sits on a 0.29-acre lot and offers significant potential for redevelopment. Currently vacant, the property is available for immediate occupancy, with a projected occupancy date of April 25, 2024. The building previously housed the well-known Jimmy's Soul Food restaurant. The asking price is $130,000, translating to $18.57 per square foot. The property features ample parking with 20 spaces available. Zoned B2, this building allows for a variety of uses, including but not limited to restaurants, party stores, or event spaces. While requiring rehabilitation, the building's structure is sound, offering a solid foundation for a future owner/user. The property is classified as distressed and is sold under standard ownership. The parcel number is 20240021599. This is a rare chance to own the only commercial building on its block in the Chadsey Condon neighborhood. The property is currently listed as vacant and has a net operating income (NOI) of $0. The pro-forma NOI is also $0.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1007784
- Latitude
- 42.340167
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - 7,000 SF Mixed-Use Detroit Building
Where is this individual retail property located?
The property is located at 3730 Buchanan St Detroit, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Exclusive Chadsey Condon commercial building, 7,000 square feet.; Versatile space suitable for restaurant, party store, or event venue; previously housed Jimmy's Soul Food.; B2 zoning allows for diverse uses.