289 St Aubin St, Detroit, MI 48207
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.