Former Banner Cigar Manufacturing Building 2941 E Warren Ave

24 Unit Apartment Building $900,000 ($37,500/Unit) Detroit, MI 48211

EXECUTIVE SUMMARY

Introducing a rare opportunity to acquire 2941 East Warren, a historic four-story building located in the charming Poletown neighborhood of Detroit. This unique 29,400 square foot property, formerly the Banner Cigar Manufacturing Company, sits on 0.28 acres of land and is ideal for a stunning apartment or condominium conversion. Priced at $1,100,000, this property offers immense potential for redevelopment. Conveniently situated near major freeways and downtown Detroit, 2941 East Warren provides an excellent investment opportunity in a rapidly developing area. The sale also includes adjacent properties at 5013 & 5021 Mitchell, further enhancing its value. Don't miss the chance to own a piece of Detroit's history and shape its future. Property Sold AS IS BATVAI

PROPERTY FACTS

Price $900,000
Price Per Unit $37,500
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
  • Building in Shell Condition
No. Units 24
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Mid Rise
Building Class C
Lot Size 0.13 AC
Building Size 23,578 SF
No. Stories 4
Year Built 1913
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Smoke Free

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector
Bike Score®
Biker's Paradise (91)

PROPERTY TAXES

ZONING

Zoning Code R2 (R2)
  • Listing ID: 34645768

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 2941 E Warren Ave, Detroit, MI 48211