289 Saint Aubin St
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289 Saint Aubin St
5,000 SF Retail Building Detroit, MI 48207 $575,000 ($115/SF)
Investment Highlights
- Redevelopment opportunity
- Next to Detroit's Riverwalk which attracts 3.56 million visitors annually
- Near Rivertown Meijer Grocery Development
- Parking Lot Included
- Near Dequindre Cut and the $4.9M Joseph Campau Greenway
- 1.3 Miles from Downtown Detroit
Executive Summary
Enjoy an excellent location to invest your capital in the Downtown Riverfront District! Formerly the Woodbridge Tavern, this property had one of the first liquor licenses in Detroit and was family owned and operated from 1905-2002. Its popularity boomed, and it began hosting regular live-music shows, with a focus on Jazz and Blues. This is a prime redevelopment opportunity with great potential due to the surrounding amenities, annual visitors to the area, and forecasted development pipeline of downtown Detroit.
Located in the heart of Detroit's Rivertown, and Riverwalk District, which was voted the best Riverwalk in America by USA Today. The Riverwalk attracts 3.5 Million visitors each year, and that number is rapidly growing. Excellent location with great connectivity - one block from the popular Dequindre Cut, just west of the $4.9M Joseph Campau Greenway that connects E Vernor Hwy to the Riverwalk, with major freeways nearby. Close proximity to a growing social district that includes Atwater Brewing, Atwater Beach, Aretha Franklin Amphitheater, the Rattlesnake Club, and Outdoor Adventure Center that is surrounded by offices, residences, and more.
Located in the heart of Detroit's Rivertown, and Riverwalk District, which was voted the best Riverwalk in America by USA Today. The Riverwalk attracts 3.5 Million visitors each year, and that number is rapidly growing. Excellent location with great connectivity - one block from the popular Dequindre Cut, just west of the $4.9M Joseph Campau Greenway that connects E Vernor Hwy to the Riverwalk, with major freeways nearby. Close proximity to a growing social district that includes Atwater Brewing, Atwater Beach, Aretha Franklin Amphitheater, the Rattlesnake Club, and Outdoor Adventure Center that is surrounded by offices, residences, and more.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1905/2017
Price
$575,000
Price Per SF
$115
Tenancy
Single
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
SD4 - Special Development
Parking
2 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
52 FT on St Aubin St
Amenities
- Bus Line
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-000059 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $100,300 |
PROPERTY TAXES
Parcel Number
09-000059
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$100,300
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289 Saint Aubin St
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