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$5,600,000
629 W Milwaukee St, Detroit, MI 48202
0 Beds
0 Baths
23,820 SqFt

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Originally built in 1933 as a hotel for General Motors with a speakeasy bar (now retail space), 629 Milwaukee is home to 35 fully renovated residences with a swimming pool and lounge. The brick four story building has just completed a $1,200,000 full head-to-toe renovation throughout the interiors of apartments, common areas, utility rooms, and exterior brick restoration and is 100% occupied. Anchoring the corner of West Milwaukee and Second Avenue, including an attached parking lot on a 10,600 square feet lot to the east. The additional land is a prime location for mixed-use development. Surrounded by some of Detroits most iconic architecture and desirable restaurants, 629 West Milwaukee is just steps from the Baltimore Q-Line Station. Tour Schedule - Thursday June 30th 1pm - 3pm Call for Offers - Wednesday July 6th - 5pm
  • Price:
  • $5,600,000
  • Square Footage:
  • 23,820
  • Acreage:
  • 0.15
  • Year Built:
  • 1933
  • Listing ID #:
  • 20221011472
  • Street Address:
  • 629 W Milwaukee St
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48202
  • County:
  • Wayne
  • Community:
  • Det: Livernois-I75 6-Gd River
  • Subdivision:
  • Leavitts Pt Of Frac Sec 31
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
School District: Detroit
  • Foundation:
  • Slab, Basement
  • Foundation Material:
  • Block
  • Main Level Square Footage:
  • 23820
  • Number Of 1 Bedroom Units:
  • 9
  • Siding:
  • Brick
  • Total Building Square Footage:
  • 23820
  • Year Built:
  • 1933
  • Net Operating Income:
  • 320026.00
  • Operating Expense:
  • 81398.00
  • Conforms To Zoning:
  • Commercial, Multi-Family
  • Road Frontage:
  • 270
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 161
  • Financing Options:
  • Cash, Conventional
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 4028.0000
  • Winter Tax:
  • 478.0000
  • Existing Water:
  • Water At Street
  • Sewage Type:
  • Sewer At Street
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • FARMHILL

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