Property summary
This exceptional mixed-use property in Detroit, Michigan, presents a unique investment opportunity. Located at 3837 W Warren Ave, 48208, this warehouse building previously housed Vicki's Barbecue restaurant, boasting a well-established customer base and significant earning potential. The sale includes the building and the established business (see separate listing for business price). The warehouse itself offers versatile space adaptable for various uses, including expansion of the existing dining area or the creation of new entertainment spaces. The property also features the potential for three upper-level apartment units, adding further income streams. The building requires updates and renovations to reach its full potential. Serious buyers must provide proof of funds or pre-approval before scheduling a showing. Profit and loss statements will be provided to qualified prospective purchasers. This is a chance to acquire a thriving business and a valuable real estate asset with substantial upside. The property is situated in Wayne County and offers a prime location in Detroit.
Property profile
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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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Cap rate
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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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