MLS Public Remarks  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.

http://www.www.johnstoneandjohnstone.com.com/23145986

AGENT/COMPANY DETAILS  

LOCATION  

Township  Detroit City

Directions  From Michigan Avenue, South Bound side of street at Parkinson

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  3,052

Price/SqFt  $105

Unfinished SqFt  0

Above Grade Finished SqFt  3,052

CDOM  17

Sub Property Type  Business

Year Built  1926

Days on Market  134

Business Type  Bar/Tavern/Lounge, Other, Restaurant, Retail, Storage

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Net Taxes  $5491

Acreage  0.36

Taxes  $5491.0

Tax Year  2023

Summer Taxes  -

School District  Detroit

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Waterfront  N

For Lease/Rent  N

Est. Total Acres  0.36

Lot Dimensions  68.00 x 62.00

WaterFrontage   0

INTERIOR FEATURES  

Water  Public

Zoning  Commercial, Residential

Basement  N

EXTERIOR FEATURES  

Garage  0.0

Sewer  Public Sewer

Terms/Misc.  Cash

Possession  Close Of Escrow

Exterior Materials  Block, Other

DETAILS  

Status Change Date  12/29/2023

Listing Date  12/29/2023

Internet/IDX  Y

Named Exceptions  N

LISTING OFFICE DETAILS  

Listing Office   Hub, Llc

Office Address   829 Penniman Ave

Listing Number   23145986

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Saturday, May 11, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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