1842 Michigan AveDetroit, MI 48216

This exceptional 7,395 square foot mixed-use building presents a remarkable redevelopment opportunity in the vibrant Corktown neighborhood of Detroit, Michigan. Built in 1890, this two-story structure boasts 4,500 square feet of ground floor retail space and 3,200 square feet of second-floor office space, currently at 50% occupancy. The property sits on a 0.3-acre lot with Michigan Avenue frontage and additional land behind the building on Kaline. The building is zoned B4 & SD-2, offering flexibility for various uses. Its strategic location places it within walking distance of key landmarks, including Ford's Michigan Central Station and significant corporate neighbors such as Ford Motor Company, Rocket Data Center, and Level 3 Communications. The property benefits from a new parking lot and is situated in a qualified opportunity zone, presenting attractive investment incentives. This is a rare chance to acquire a substantial property in a rapidly developing area with immense growth potential, directly adjacent to Ford's billion-dollar Corktown investment. The asking price is $2,600,000, translating to $351.59 per square foot. This property offers a unique blend of historical charm and modern development potential.