12305 Dexter Ave, Detroit, MI 48206-1015

This exceptional mixed-use property, located at 12305 Dexter Ave, Detroit, MI 48206, presents a compelling redevelopment opportunity in the burgeoning Russell Woods-Sullivan district. The 0.51-acre lot encompasses two three-story buildings totaling 27,720 square feet, offering significant versatility. Originally constructed in 1967 and previously used as a rehabilitation facility, the property boasts existing infrastructure including a fully functional commercial kitchen, walk-in freezers, updated HVAC units, water heaters, and a comprehensive fire suppression system. The buildings have been completely retrofitted. A notable feature is the inclusion of a basketball gym. The property is zoned for commercial use (B4 General Business District) and is situated within a Strategic Neighborhood Fund area and the Russell Woods Development Planning zone, suggesting strong potential for future growth and development. The asking price is $650,000, translating to $23.45 per square foot. This property is ideal for a variety of business ventures or a mixed-use residential/commercial development. The property's size and location make it a prime candidate for significant return on investment.