REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,699,000
Est. payment /mo
New
2948 Biddle Avenue Wyandotte, MI 48192
17,076 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,076 sqft
Price per Sqft $99
Municipality Wyandotte City
Subdivision Wyandotte City
MLS Listing ID 20251034477
Year Built 1861
Annual Tax Amount $6,958
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x151
Source Realcomp
Property Description
LOCATED IN THE HEART OF WYANDOTTE'S THRIVING RIVERFRONT DISTRICT, THIS FULLY RENOVATED PROPERTY OFFERS MULTIPLE INCOME STREAMS IN ONE OF SOUTHEAST MICHIGAN'S MOST VIBRANT DOWNTOWNS. SURROUNDED BY UPSCALE RESTAURANTS, SHOPPING, BARS, AND YEAR-ROUND COMMUNITY EVENTS, THIS PROPERTY SITS IN THE CENTER OF A HIGH-DEMAND DESTINATION WITH STRONG FOOT TRAFFIC. THE PROPERTY FEATURES THREE ESTABLISHED BUSINESSES: TOTAL HEALTH FOODS (APPROX. 7,619 SF GROCER/DELI – BUSINESS AVAILABLE SEPARATELY), YOGURT CO. (APPROX. 2,100 SF), AND WYANDOTTE HEALING CENTER (APPROX. 2,642 SF). ALL ARE FULLY LEASED AND OPERATING SUCCESSFULLY. IN ADDITION, THE SECOND FLOOR INCLUDES FOUR FULLY LEASED APARTMENTS (ONE 1-BEDROOM UNIT, TWO 2-BEDROOM UNITS, AND ONE 3-BEDROOM UNIT) PLUS APPROX. 1,200 SF OF UNFINISHED SPACE WITH EXPOSED BRICK AND ROUNDED WINDOWS READY FOR FUTURE DEVELOPMENT. EACH BUILDING OFFERS A DRY BASEMENT FOR STORAGE, AND THE SITE INCLUDES AN ADDITIONAL 54 FEET OF FRONTAGE ON FIRST STREET, FURTHER ENHANCING VISIBILITY AND EXPANSION OPPORTUNITIES. A TAX INCENTIVE IS ALSO IN PLACE THROUGH 2028. THIS IS A RARE CHANCE TO OWN A TURN-KEY PROPERTY WITH ESTABLISHED INCOME AND TREMENDOUS UPSIDE FOR GROWTH IN ONE OF METRO DETROIT'S MOST DESIRABLE DOWNTOWN COMMUNITIES. SHOWINGS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS OR EMPLOYEES.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Multiple,Off
Direction BIDDLE AV PASS OAK ST
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Brick/Mortar
Water Public
Structure Type Wood Siding,Brick
Schools
School District Wyandotte
Others
Tax ID 57255019807001
Listed by Century 21 Curran & Oberski