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1450 6th St
7,500 SF Flex Condo Unit Offered at $1,799,000 in Detroit, MI 48226
Investment Highlights
- In an Opportunity Zone
- The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes.
- A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment.
Executive Summary
The Definitive Corktown Collection: a group of properties of various architectural styles exemplary of Corktown, in the heart of the neighborhood, and adjacent to the central business district and Riverfront. A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment. This site is in an Opportunity Zone and Neighborhood Enterprise Zone (New/Rehab). The package is made of four separate pieces: 1) Triangle-shaped vacant land to the north; 2) across vacated Lobrosse St at 1450 Sixth, a brick 4-unit, occupied, newer roof and boiler, additional space in basement for fifth unit; 3) the “House Next Door,” at 1440 Sixth, a rare example of Greek Revival architecture, needing complete renovation and stabilization; 4) the Worker’s Row House at 1430 Sixth, originally a 3-unit tenement house, with roof, structure and exterior fully stabilized; There is additional land behind this structure that could be a great location for additional residential or carriage house. This location is walkable to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Most of the offering is combined under tax ID 06004564-743, except 1430 6th the Worker’s Rowhouse, which is tax id 06004563. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes.
Property Facts
| Price | $1,799,000 | Sale Type | Owner User |
| Unit Size | 7,500 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 7,500 SF |
| Total Building Size | 7,500 SF | Year Built | 1906 |
| Property Type | Multifamily (Condo) | Lot Size | 0.37 AC |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,799,000 |
| Unit Size | 7,500 SF |
| No. Units | 1 |
| Total Building Size | 7,500 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Owner User |
| Floors | 1 |
| Typical Floor Size | 7,500 SF |
| Year Built | 1906 |
| Lot Size | 0.37 AC |
| Opportunity Zone |
Yes |
1 Unit Available
Unit 7
| Unit Size | 7,500 SF | Condo Use | Flex |
| Price | $1,799,000 | Sale Type | Owner User |
| Price Per SF | $239.87 |
| Unit Size | 7,500 SF |
| Price | $1,799,000 |
| Price Per SF | $239.87 |
| Condo Use | Flex |
| Sale Type | Owner User |
zoning
| Zoning Code | Commercial, Residential (Multi-Family, Residential, Vacant) |
| Commercial, Residential (Multi-Family, Residential, Vacant) |
Presented by
1450 6th St
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