About 7059 Michigan Avenue
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.
Features of 7059 Michigan Avenue
| MLS® # | 23145986 |
|---|---|
| Price | $320,000 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 3,052 |
| Acres | 0.36 |
| Year Built | 1926 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 7059 Michigan Avenue |
|---|---|
| Area | Wayne County - 100 |
| Subdivision | LARKINS T |
| City | Detroit |
| County | Wayne |
| State | MI |
| Zip Code | 48210 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Fireplaces | 2 |
Exterior
| Roof | Concrete |
|---|---|
| Foundation | Other |
School Information
| District | Detroit |
|---|
Additional Information
| Legal | S MICHIGAN 75 THRU 77 EXC MICHIGAN AVE AS WD T LARKINS SUB L17 P74 PLATS, W C R 18/221 67.68 X 61.78A |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
| Water | Public |
Financial Details
| Annual Property Tax | $5,491 |
|---|---|
| Tax ID # | 18002339. |
| Taxable Value | 64102.00 |
Listing Details
| Agent | William Binford |
|---|---|
| Office | Hub, LLC |