2948 Biddle Avenue Active Save Request In-Person Tour Request Virtual Tour
Wyandotte,MI 48192
Key Details
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 17,076 sqft
Price per Sqft $99
MLS Listing ID 20251034477
Bedrooms 5
Year Built 1861
Annual Tax Amount $6,958
Lot Size 0.310 Acres
Property Sub-Type Apartments,Real Estate Only
Property Description
LOCATED IN THE HEART OF WYANDOTTE'S THRIVING RIVERFRONT DISTRICT, THIS FULLY RENOVATED PROPERTY OFFERS MULTIPLE INCOME STREAMS IN ONE OF SOUTHEAST MICHIGAN'S MOST VIBRANT DOWNTOWNS. SURROUNDED BY UPSCALE RESTAURANTS, SHOPPING, BARS, AND YEAR-ROUND COMMUNITY EVENTS, THIS PROPERTY SITS IN THE CENTER OF A HIGH-DEMAND DESTINATION WITH STRONG FOOT TRAFFIC. THE PROPERTY FEATURES THREE ESTABLISHED BUSINESSES: TOTAL HEALTH FOODS (APPROX. 7,619 SF GROCER/DELI – BUSINESS AVAILABLE SEPARATELY), YOGURT CO. (APPROX. 2,100 SF), AND WYANDOTTE HEALING CENTER (APPROX. 2,642 SF). ALL ARE FULLY LEASED AND OPERATING SUCCESSFULLY. IN ADDITION, THE SECOND FLOOR INCLUDES FOUR FULLY LEASED APARTMENTS (ONE 1-BEDROOM UNIT, TWO 2-BEDROOM UNITS, AND ONE 3-BEDROOM UNIT) PLUS APPROX. 1,200 SF OF UNFINISHED SPACE WITH EXPOSED BRICK AND ROUNDED WINDOWS READY FOR FUTURE DEVELOPMENT. EACH BUILDING OFFERS A DRY BASEMENT FOR STORAGE, AND THE SITE INCLUDES AN ADDITIONAL 54 FEET OF FRONTAGE ON FIRST STREET, FURTHER ENHANCING VISIBILITY AND EXPANSION OPPORTUNITIES. A TAX INCENTIVE IS ALSO IN PLACE THROUGH 2028. THIS IS A RARE CHANCE TO OWN A TURN-KEY PROPERTY WITH ESTABLISHED INCOME AND TREMENDOUS UPSIDE FOR GROWTH IN ONE OF METRO DETROIT'S MOST DESIRABLE DOWNTOWN COMMUNITIES. SHOWINGS BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS OR EMPLOYEES.
Location
State MI
County Wayne
Area Wyandotte
Zoning Multi-Family,Multiple,Office
Building
Foundation Basement
Sewer Sewer at Street
Water Public (Municipal)
Structure Type Brick,Wood
Schools
School District Wyandotte
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Full Service