671 PETERBORO Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48201
Key Details
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,508 sqft
Price per Sqft $518
Subdivision Cass Farm Sub (Plats)
MLS Listing ID 20240047568
Originating Board Realcomp II Ltd
Year Built 1920
Annual Tax Amount $866
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 34 x 190
Property Description
This one-of-a-kind property offers a unique blend of commercial, residential, and development potential in the heart of Detroit. Centrally located between Motor City Casino, Little Caesars Arena, and Founders Taproom, this property benefits from high traffic and business visibility, making it an ideal investment.
The property features a commercial storefront with over 1,000 sqft, bright front windows, exposed trusses, concrete floors, a "commercial style" kitchen, and a handicapped accessible bathroom. Behind the commercial space lies a former duplex, now transformed into a modern masterpiece while retaining authentic Detroit charm. Inside, you'll find a grandiose 2-story living room adjacent to an ensuite, with wide stairs leading to a studio bedroom and master suite.
This incredible mixed-use property offers a unique opportunity to live, work, and develop in the heart of Detroit. The deep backyard is fully fenced and features a salon, while the wide concrete drive next door, accessible via an alley, can accommodate nearly a dozen cars. Adding to its allure, the property includes an adjacent lot that is 190 ft. deep, providing ample parking and outdoor space for business and entertainment purposes.
This property is an absolute jewel as is, or it can be converted to suit whatever the developer chooses. It includes a stage, an open area with a built-in bar, and a backyard salon that is to die for. Words cannot do it justice—this is a must-see and will not last! The historic structure, with its authentic old Detroit charm, offers multiple purposes with its commercial and residential offerings. It also boasts newer furnace, A/C, and ductwork.
Whether you're looking to live, work, or both, this property offers unmatched versatility. Please note, rental of only the commercial space is an option. Do not disturb the tenant. This building is a "hidden gem" of Detroit, blending historic charm with modern convenience in a prime location.
Located just a block from the Peterboro and one more from the new Arena, this hid
Location
State MI
County Wayne
Area Det: 6-Mack I75-Conner
Zoning Commercial,Multi-Family,Multiple,Residential
Direction South on Third to Peterboro
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick,Vinyl
Schools
School District Detroit
Others
Tax ID 04000617.
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional,Warranty Deed
Rebuilt Year 2018
Listing Terms Cash,Conventional,Warranty Deed
Financing Cash,Conventional,Warranty Deed
Special Listing Condition Full Service