MI > Wayne > Detroit > 7059 Michigan Avenue
  • MLS# 23145986
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248-304-6700

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248-208-3883

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Unique opportunity featuring 68' of road frontage on the heavily trafficked Michigan Avenue and minutes from the commercial hubs of Dearborn, Corktown and South West Detroit. Parcel is zoned B4 and provides a secured parking lot. The former Exclusive Yacht Club (Sunset Strip) offers approximately over 3,000 square feet and two floors of rehabilitatable space which includes bar equipment, sound system and updated commercial kitchen (new 2021). The sale includes 2 additional R2 vacant lots, 4467 & 4471 Parkinson- for either expanded parking or residential building. An excellent time to seize the opportunity and invest in the rapidly redeveloping Michigan Avenue corridor.*****THE LIQOUR AND CABARET LICENSES ARE ALSO AVAILABLE FOR PURCHASE IN ADDITION TO THE REAL ESTATE.*****Various purchase options available:$325,000 As Is$425,000 As Is with Liquor License$550,000 As Is with Liqour License and Cabaret License*The Cabaret License is tied to the address. The city of Detroit is no longer offering Cabaret Licenses.

Property Information

Status
Active 
Address
7059 Michigan Avenue 
City
Detroit 
Zip
48210 
Year Built
1926 
Business Type
Bar/Tavern/Lounge, Other, Restaurant, Retail, Storage 
County
Wayne 
Above Grade SqFt
3,052 
Possession
Close Of Escrow 
Price/SqFt
104.85 

School Information

School District
Detroit 

Taxes

Features

Total No. of Units
Zoning
Commercial, Residential 
Water
Public 
Sub Property Type
Business 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
23145986 Jan 11 2024 8:32AM $320,000 $325,000 120
23145986 Active Dec 29 2023 2:01PM $325,000 120
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MISWMRIC Logo

Listing Courtesy of Hub, Llc
Office Address 829 Penniman Ave Plymouth, Mi 48170
Listing Agent William Binford

7059 Michigan Avenue Detroit
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$320,000
For Sale • Acres: 0.36 • Zoning: Commercial,Residential