2948 Biddle Avenue, Wyandotte, MI, 48192
$1,699,000
2948 Biddle Avenue, Wyandotte, MI 48192
17,076 sqft
Building Size
0.31 acres
Lot Area
Details:
Highlights:
- Annual Tax: $ 6958.0
- Garage Description: No Garage
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. 10,000 SF GROCER/DELI – BUSINESS AVAILABLE SEPARATELY), YOGURT CO. (APPROX. 2,100 SF), AND WYANDOTTE HEALING CENTER (APPROX. 2,400 SF). ALL ARE FULLY LEASED AND OPERATING SUCCESSFULLY. IN ADDITION, THE SECOND FLOOR INCLUDES FOUR FULLY LEASED APARTMENTS (THREE 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
Gallery
