2948 Biddle Avenue, Wyandotte, MI 48192

• 17,076 sqft

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.

Listing Status:

Pending

Listing Office:

Century 21 Curran & Oberski : 3132747200

Listing Agent:

Ali T Charara : 3132892222

MLS ID:

20251034477

Interior

• Basement: Sump pump

Construction

• General: BrickWood sidingBasementBrick mortarSump pump

Location

• Road/Access: Paved
• Originating MLS: Realcomp II Ltd
• School District: Wyandotte
• County: Wayne

Lot

• Zoning: CFEC RESTORED CERTIFICATE FROZEN - PURSUANT TO PA 255 OF1978 THIS CERTIFICATE PROVIDES THE AUTHORITY FOR THE ASSESSOR TO EXEMPT THE COMMERCIAL FACILITY FOR WHICH THIS CFEC IS IN EFFECT BUT NOT THE LAND ON WHICH THE FACILITY IS LOCATED OR THE PERSONAL PROPERTYFROM THE AD VALOREM TAXATION THIS CERTIFICATE FURTHER PROVIDES THE AUTHORITY TO LEVEY A SPECIFIC TAX KNOW AS THE COMMERCIAL FACILITIES TAX. THIS CERTIFICATE UNLESS REVOKED BY RESOLUTION OF THE CITY OF WYANDOTTE SHALL REMAIN IN FORCE FOR A PERIOD OF 12 YEARS PLUS TWO (2) YEAR FOR CONSTRUCTION BEGINNING 12/31/2014 AND ENDING 12/30/2028 SEE 57 011 08 0004 00257 011 08 0005 00157 011 08 0005 00257255019807001
• Current Use: CommercialMixed useResidentialRestaurant

Utilities

• Water: Public
• Sewer: Sewer at street

Financial

• Source: Realcomp II Ltd

This listing courtesy of Ali T Charara, Century 21 Curran & Oberski