Active

2933 2ND Avenue

Detroit MI, 48201

$3,999,999


$184.18 per sqft

Active

2 Baths

21,718 sqft

Multi-family

Built in 1924

Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life!
Needs new electrical and plumbing.

20240001555

MLS ID

January 9, 2024

Listed

March 29, 2024

Updated

Map

2933 2ND Avenue
Detroit MI, 48201

Interior Features

Bathrooms

2 Baths


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Historic

School Information

School District

Detroit

Other Property Details

Area Name

Det: Livernois-I75 6-Gd River


Taxes

$570


Tax Frequency

Annually


Days on Market

80


Garage

No


View

No


County

Wayne


Pool

No


Zoning

Commercial,Multi-Family


Buyer Agency Compensation

2.5%

 

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Data last updated 11:09 PM UTC, 3/29/2024

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