Description
Opportunity awaits! Incredible investment opportunity! Are you looking to invest to expand your real estate portfolio? Do you dream of buying a property to start your own business venture? Whatever you are thinking of, we have the perfect place for you. This property has good bones and endless possibilities and is conveniently situated in an Opportunity Zone in the up-and-coming Islandview, just blocks away from Belle Isle and Detroit Riverfront. The classical U-shaped construction sits three stories high on a .5 acre lot, with a paved entryway leading up to the front door. It has a vast balcony on the second story, plenty of fireplaces, tons of windows, and a charming open porch at the front, from where you can view the expansive front lawn. A practical staircase leads to the rooftop on the side of the building, and it has lots of space in the back for an inner garden or patio and/or additional parking. This versatile building sits on a tree-lined street and used to be a nursing home facility. Today, it has lots of potential to become anything you want. Its favorable location near thriving neighborhoods could be advantageous for redeveloping it into a multifamily tenement, an office building, or even a bed and breakfast. Features at a glance: - Previous nursing home facility. - Sizeable 0.5-acre lot. - Net rentable space of approximately 28,000 square feet. - R-5 zoning. - Located in an Opportunity Zone. - Conveniently positioned near thriving, prestigious neighborhoods in West Village, Indian Village, and the Gold Coast District. - Just blocks away from Belle Isle and the Detroit Riverfront. - Minutes from Downtown Detroit, Detroit Riverwalk and the Eastern Market. - Plenty of redevelopment possibilities. - Potential for a multifamily, office building or bed and breakfast. Don't miss out on this fantastic investment opportunity. Call us today to schedule a private tour and invest in the business of your dreams!
Location
Listing Agent: Toni Jennings Courtesy of: Abode Detroit Source MLS MiRealSource. Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 21st March, 2023 7:52 AM (UTC)
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 21st March, 2023 7:52 AM (UTC)
