1201 BAGLEY Street

Detroit, MI, 48226

$2,695,900

$269 per ft²
$2,695,900
$269 per ft²
Active
Active
 - For Sale
carpenters-square
10,000 ft²
property_type
Commercial
Invest in a piece of Detroit's history! Once the iconic 1918 Firehouse Engine #8, with 3 floors and basement, it is now a unique investment opportunity for savvy buyers. This distinctive property provides you with 10,000 sqft of rentable commercial or office space in prime Corktown just a few hundred yards from Detroit’s central business district, or live up top over 3300 sqft by converting to luxury condos (with open-concept first level). There is also the opportunity for 5,000 square foot expansion. It comes complete with classic features like oak floors, majestic ceilings soaring 20'+, and fire engine tiles, too...not to mention new amenities like Kohler finishes, GE appliances, and new HVAC. The first floor, last used by a law office in 2017, and several Pop-Ups, including the high-end fashion house Bottega VENETA, contains 3600 sqft, which includes the open area, plus two conference rooms on either side. The building still has original 3 firetruck doors and 4 fire poles, adding to its character. The building is currently zoned for retail and office, but per the City, changing zoning to residential will be a short and simple procedure. Additionally, there are 2 gated alleys, ample street parking, and the third floor can be transformed with dormer windows and interior renovations already approved by the Historical Commission. The Firehouse site sits on the eastern end of Corktown, fewer than 100 feet off Michigan Avenue. Three stadiums are just under one mile away, and MGM Casino is less than 200 yards away, while popular nearby restaurants and bars make this area a walkable and thriving metropolis. Take advantage of this incredible opportunity and invest in Detroit's future! Make 1201 Bagley part of your portfolio today!
MLS® ID:
20221069853
Listed:
12/21/22
Updated:
3/31/23
@properties Christie's International Real Estate
Austin Black II

Exterior/Building Features

Lot Size
6,534 ft² lot
Sewer
Public Sewer (Sewer-Sanitary)

School Information

School District
Detroit

Other Property Details

Area Name
Det South Of Grand River
Taxes
$3757.0000
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Wayne
Water Source
Community
Pool
No
Zoning
Commercial
Buyer Agency Compensation
3%

 

Courtesy of Max Broock, REALTORS®-Detroit

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Austin Black II shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Provided through IDX through Realcomp II LTD
Originating MLS: MI - Realcomp II LTD. (REALCOMP)
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Data last updated 8:02 PM UTC, 3/31/23

@properties Christie's International Real Estate
Austin Black II
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