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!
Courtesy of Max Broock, REALTORS®-Detroit
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Data last updated 8:02 PM UTC, 3/31/23