1450 6Th St Detroit, MI 48226
- Commercial real estate
- 7,500 SF
- 0.42 lot acres
Current Use by Public Records
- c3detroit - Corktown Cultural Center / Non-Profit Organization
Property Details for 1450 6Th St
- Year built
- 1906
- Lot size
- 0.42 lot acres
- Property size
- 7,500 SF
- Property type
- Commercial real estate
Description
This exceptional Corktown, Detroit investment presents a unique redevelopment opportunity encompassing a 9-unit multifamily portfolio across three buildings situated on a 0.42-acre lot. The assemblage includes a four-unit apartment building (1450 Sixth St) with a newer roof and boiler, offering immediate cash flow; a vacant lot; a Greek Revival single-family home (1440 Sixth St) requiring complete renovation; and a stabilized three-unit multifamily building (1430 Sixth St) with potential for expansion. The property boasts 7,500 square feet and is zoned B6, allowing for residential, commercial, and mixed-use development. Located in the heart of Corktown, this prime location is within walking distance of Michigan Avenue's vibrant restaurant scene and just one mile from Ford's Michigan Central Innovation District. The property benefits from its position within both an Opportunity Zone and a Neighborhood Enterprise Zone, providing significant tax advantages. This portfolio offers a compelling blend of immediate income generation and substantial long-term redevelopment potential, making it an attractive investment for experienced developers. The buildings were constructed in 1906 and are part of the Corktown historic district. The asking price is $1,899,000, representing $211,000 per unit and $253.20 per square foot. Tax ID numbers are 06004564-743 (most of the offering) and 06004563 (1430 Sixth St).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0608582
- Latitude
- 42.3302664
