Property profile

289 St Aubin St Detroit, MI 48207

OFF-MARKET
Retail properties & Spaces
5,000 SF 0.06 ac lot Built 1905
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Property summary

AI-generated overview

This vacant, 5,000 square foot, two-story building at 289 St. Aubin Street in Detroit, Michigan presents a unique redevelopment opportunity. Built in 1905 and renovated in 2002, this property boasts a rich history as the former Woodbridge Tavern, one of Detroit's earliest licensed establishments. Its prime location on the Detroit Riverfront, near the Riverwalk (attracting 3.56 million annual visitors), Dequindre Cut, and the $4.9 million Joseph Campau Greenway, offers exceptional potential. The property includes a parking lot and is conveniently located 1.3 miles from downtown Detroit, near the GM RenCen, and with easy highway access. The surrounding area is experiencing significant growth, including the nearby Rivertown Meijer grocery development. The building's 0.06-acre lot and 5,000 square feet of space, priced at $118.47 per square foot, offer a compelling investment opportunity for those seeking to capitalize on Detroit's revitalized riverfront district. The asking price is $575,000. This is a vacant property with a rich history and bright future.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1905
Total area 5,000 SF
Lot 0.06 ac (2,614 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

289 St Aubin St Detroit, MI 48207
Detroit metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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