6138 Michigan Ave Detroit, MI 48210-2930
Property summary
This stunning, 5,000-square-foot mixed-use building, formerly Ladder 22 firehouse, presents a unique investment opportunity in vibrant Southwest Detroit. Built in 1904 and extensively renovated in 2022, this two-story structure boasts a new roof and framing, ensuring structural integrity. The property, zoned B4, includes a spacious layout ideal for diverse uses. Imagine transforming this historic landmark into a restaurant, entertainment venue, art gallery, boutique hotel, or even a remarkable private residence. The possibilities are endless. Its prime location and included side lot add significant value. The building has been vacant, allowing for immediate occupancy and customization to suit your vision. This is a rare chance to own a piece of Detroit's rich history and capitalize on its exciting future. The asking price is $250,000, reflecting a price per square foot of $50. This represents a compelling investment in a rapidly developing area. Don't miss this exceptional opportunity to acquire a truly one-of-a-kind property.
Property profile
VerifiedCap rate & NOI
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
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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
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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