USAMIDetroitLarkins T7059 Michigan Ave
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7059 Michigan Ave, Detroit, MI

House

Sold

Listed price in listed location currency (USD).
$285,000
$320,000

020

MLS® 81023145986

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Business Opportunity
Size -
Garage 
Taxes $5,491
Lot Size 
Approx. Age 1926
MLS® Number 81023145986

Property Address: 7059 Michigan Ave, Detroit, MI, 48210-2871

Average square foot calculated using Size range provided by listing agent.

Description

Unique opportunity featuring 68' of road frontage on the heavily trafficked Michigan Avenue and minutes from the commercial hubs of Dearborn, Corktown and South West Detroit. Parcel is zoned B4 and provides a secured parking lot. The former Exclusive Yacht Club (Sunset Strip) offers approximately over 3, 000 square feet and two floors of rehabilitatable space which includes bar equipment, sound system and updated commercial kitchen (new 2021). The sale includes 2 additional R2 vacant lots, 4467 & 4471 Parkinson- for either expanded parking or residential building. An excellent time to seize the opportunity and invest in the rapidly redeveloping Michigan Avenue corridor.*****THE LIQOUR AND CABARET LICENSES ARE ALSO AVAILABLE FOR PURCHASE IN ADDITION TO THE REAL ESTATE.*****Various purchase options available:$325, 000 As Is$425, 000 As Is with Liquor License$550, 000 As Is with Liqour License and Cabaret License*The Cabaret License is tied to the address. The city of Detroit is no longer offering Cabaret Licenses.
MLS® Number81023145986
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1926
BasementCommon Storage Locker
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jun 11, 2024End Date
$285,000Sold Price

Sold

Aug 6, 2024List Date
$320,000List Price
  • Commute

Commute

Starting Address
Destination Address
7059 Michigan Ave, Detroit, MI

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