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:
- 264
- 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
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IDX provided courtesy of Realcomp II Ltd., via CMS Realty, LLC and Realcomp II Ltd, ©2023 Realcomp II Ltd. Shareholders
