2941 E Warren Ave - Apartments FOR SALE


Detroit, MI 48211- Poletown
$900,000 USD
313-974-1830
2941 E Warren Ave, Detroit, MI for Sale
$900,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

2941 E Warren Ave
Detroit, MI 48211
Poletown


OVERVIEW

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

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

24

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Banner Cigar Manufacturing Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,864 SF

ZONING

R2

APN/PARCEL ID

11-003521

ASK ABOUT THIS PROPERTY

Alex LauerClyde Realty, LLCMore Info
313-974-1830

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Alex LauerClyde Realty, LLCMore Info
313-974-1830

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.