16209 Warren Ave, Detroit, MI 48224-3266
- Turn key restaurants
- 3,940 SF
- 0.06 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 16209 Warren Ave
- Year built
- 1951
- Lot size
- 0.06 lot acres
- Zone code
- B4
- Property type
- Turn key restaurants
- APN
- 21002871.
- APU
- 21002871
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 30, 2024 | — | Lisa Meingor Wong | Lisa Meingor Wong | Intrafamily Transfer · related | — |
| May 1, 2014 | $50,000 | Lisa M W Yee | Li,lai C | Warranty Deed | — |
| May 1, 2014 | — | Lisa M W Yee | Bednarek,michael S | Quit Claim Deed · related | — |
| Jun 11, 2009 | — | Michael S Bednarek | Li,lai C | Grant Deed | — |
Description
This 4,486 sq ft mixed-use property in Detroit, MI, presents a unique investment opportunity. Located on East Warren Avenue, this building boasts a ground-floor restaurant space and a four-bedroom apartment on the second floor. Built in 1951, the two-story structure sits on a prime location within a revitalized area, benefiting from an $8.8 million streetscape improvement project. The property is zoned B4 (General Business District) and is situated in an Opportunity Zone. Its proximity to the "Ribbon," a large mixed-use development, and a newly announced public market further enhances its potential. The area is experiencing significant growth, with new developments aiming to attract businesses and improve infrastructure. This property offers a blend of commercial and residential income potential in a rapidly developing neighborhood. The building consists of one unit, and the property is classified as Class C. The address is 16209 E Warren Ave, Detroit, MI 48224. This is an exceptional chance to capitalize on the ongoing revitalization of the East Warren corridor.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.9408
- Latitude
- 42.4024
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
