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$ 1,225,000
Est. payment /mo
Price Dropped by $74K
8116 Kercheval Street Detroit, MI 48214 2724
5,215 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,215 sqft
Price per Sqft $234
Subdivision Mi
MLS Listing ID 60357878
Annual Tax Amount $4,219
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 100.39 x 91.72
Property Sub-Type Commercial/Industrial
Property Description
Located on Kercheval Avenue between Parker and Seminole Streets in Detroit’s charming West Village, 8116 Kercheval consists of three historic mixed-use buildings. The buildings were fully renovated in 2016 and include both retail and residential units. The ground floor is fully leased to Two Birds, a bar and ice cream shop, currently expanding into an adjacent retail space, and Velvet Tower, a vintage clothing store. The second floor includes three residential units (ranging from 720 to 1,106 square feet), which are currently operated as short-term rentals generating income above standard residential leases. The property features a wrap-around terrace/community space that connects the buildings and provides additional usable outdoor area. Positioned a block from neighborhood landmarks Sister Pie and Marrow, this offering presents a unique opportunity in one of the most vibrant, commercially established sections of desirable West Village.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family,Commercial,Residential
Building
Water Public Water
Structure Type Wood
Others
Ownership Private
Assessment Amount $240
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Connor Realty Detroit, LLC