Detroit Commercial Boat Yard

Special Purpose for Sale
Catylist Listing ID: 30291191
Building Size (RSF): 2,110 SF
Gross Building Area: See Agent
Gross Land Area: 27,770 SF
Sale Price: $595,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

Property includes two (2) adjacent lots at 408 and 400 Ashland, which seller is willing to consider selling separately.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: The Pointes / Harper Woods
Taxing Authority: City of Detroit
Tax ID/APN: 21061905; 21061906; 21061907-9
Zoning: COMMERCIAL
Property Located Between: South of E. Jefferson
Property Visibility: Good
Largest Nearby Street: E. Jefferson
Feet of Frontage: 200
Highway Access: Within minutes of I 94
Site Description: Unique opportunity to own a commercial property on the canal near the Detroit River. Very well cared for Boat Yard Property has an office attached to a large heated garage, which opens onto the slip area. Plenty of parking for boat trailers in the yard. Property is income producing and ready for new ownership. Could also be developed into multifamily with dockage.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Property Condition: Excellent
Year Built: 1940
Year Renovated: 1992
Construction/Siding: Aluminum Siding
Parking Type: Structure, Surface
Heat Type: Electricity, Hot Water
Zoning Description: Purchaser will need to satisfy themselves regarding zoning. The property is treated as commercial by the taxing authorities. Two large lots are R-2.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Primary parcel: E ASHLAND S 75 THRU 77 FREUDS FOX CREEK SUB L27 P2 PLATS, W C R 21/299 90 X 140. Commonly known as 414 Ashland 48215 E ASHLAND S 74 FREUDS FOX CREEK SUB L27 P2 PLATS, W C R 21/299 30 X 140. Commonly known as 408 Ashland, Detroit MI 48215 E ASHLAND S N 20 FT 71 72&73 FREUDS FOX CREEK SUB L27 P2 PLATS, W C R 21/299 80 X 140 Commonly known as 400 Ashland, Detroit MI 48215

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,827 80,687 210,018
Median Age: 40.22 38.04 36.42
Households: 5,191 31,015 79,206
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.