MI > Wayne > Detroit > 1622 Bagley

$800,000

Reduced ($400,000) on 02/19/2021

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  • 0.52 Acres
  • MLS# 2200094127
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Great development opportunity in the heart of Corktown, one of Detroit’s most desirable and walkable neighborhoods, and close to all the neighborhood hotspots. The site has 175 feet of Bagley frontage between Trumbull and Rosa Parks. Located just a short walk to the iconic train station, undergoing a $350 million renovation by Ford Motor Company, two blocks from the new $45-million Godfrey hotel development, and three blocks from the $30 million mixed-use development at former Tiger Stadium. Half mile from the Detroit Riverfront. Close proximity to all major freeways. The property is 23,000 square feet, zoned B2 and approved for mixed-use development. Corktown demands high rents and sale comps, with rental comps up to $2.50/square foot, and condo comps up to $450/square foot.

Property Information

Status
Active 
Address
1622 Bagley 
City
Detroit 
Zip
48216 
Lot Size
0.52 
Lot Dimensions:
175.00X131.00X175.00X131.00 
Zoning
Commercial, Multi-Family, Residential
Water
Municipal Water 
Listing Date
11/16/2020 
Subdivision
Beechers Luther 
County
Wayne 

School Information

School District
Detroit 

Taxes

Summer Taxes
$222 
Winter Taxes
$26 

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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
2200094127 Feb 19 2021 10:38AM $800,000 $1,200,000 102
2200094127 Active Nov 16 2020 9:49AM $1,200,000 102
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

Listing Broker

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Listing Courtesy of O'Connor Realty
Office Address 2122 Michigan Ave

Real Estate One Family of Companies

1622 Bagley Detroit
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$800,000
For Sale • Acres: 0.52 • School District: Detroit