Property summary
This stunning 11,282 square foot mixed-use property, formerly St. Anthony's Church, presents a unique investment opportunity in Detroit's vibrant Mexicantown neighborhood. Built in 1926, this two-story building boasts beautifully maintained interiors, including updated electrical and HVAC systems. The main space is an impressive, light-filled event hall featuring original hardwood floors, elegant chandeliers, and arched windows, ideal for a variety of uses. Additional space includes private offices and former living quarters, offering flexibility for diverse business needs. The property also includes a convenient 16-car parking lot, a significant asset in this location. Situated on a 0.37-acre lot, the building is zoned B4 and is conveniently located within walking distance of Ford's Michigan Central Station. Its location in a qualified opportunity zone adds further investment appeal. This exceptional property offers a rare blend of history, character, and modern amenities, making it an attractive prospect for adaptive reuse and redevelopment. The property is currently vacant, allowing for immediate occupancy and customization. The APN is 12000282. Asking price is $825,000.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Detroit market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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