16550 TELEGRAPH Road Detroit, MI ^$ 1,500,000

16550 TELEGRAPH Road

^$ 1,500,000

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16550 TELEGRAPH Road

Detroit, MI, 48219

^$ 1,500,000

Studio Baths0.0 Sq 1,950

Monthly Estimate*

^$ 9,969

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Studio

Commercial Property for sale in Detroit, MI

for $1,500,000. This 1,950 square foot building was built on a lot size of 0.82.

Rare Opportunity to Own Chapeu Vert Topless Bar...Full City Block on Busy Telegraph...296'x120'...Real Estate & Business...Cabaret License...Liquor License...Fully Updated & Remolded 1,950 Sq.Ft...All Furniture, Fixture & Equipment are Included...Ample Parking...Updated Lighting & Sound System...Money Maker from Day One or Ideal Redevelopment Site...Do Not Approach Employees Or Businesses...Appointments Required for Private Showing...Call Today!

Commercial Active

Price

^$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,028

Style

Commercial/Industrial

Lot Size

0.82

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60206299

Features

General

Heating Forced Air

Possession At Close

Roof Rubber

Water Public Water

Status Active Active

Year Built 19

Subdivision MC CREADY 5 1/2 MI RD TELE-ROUGE (PLATS) MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Commercial Features Fence

Area Detroit (82001)

Primary City Detroit

Directions East Side of Telegraph South of McNichols.

City Detroit

Street Name TELEGRAPH

Financial Terms Cash Conventional

Legal Description E TELEGRAPH 12 THRU 7MC CREADY 5 1/2 MILE RD TELE-ROUGE SUB L58 P58 PLATS W C R 22/535 128 IRREG 12 714.5 SQ FT

DOM 410

Postal Code 48219

Price Per Sq Ft Total 769.23

Coming Soon Rare Opportunity to Own Chapeu Vert Topless Bar...Full City Block on Busy Telegraph...296'x120'...Real Estate & Business...Cabaret License...Liquor License...Fully Updated & Remolded 1

Exterior

Exterior Block

Frontage 296

Lot Size Area 0.82

Lot Dimensions 296 x 120

Roads Class A

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Hassan Shukr

Listing Agent

Own It Realty

Broker

shukr@ownit2020.com

Affordability Calculator

$10,305

Per Month

Monthly Principal & Interest: $9,969
Monthly Property Taxes: $336
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$486,850

Percent of Sale Price 68%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2023	$1,500,000		Listed Price

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16550 TELEGRAPH Road, Detroit, MI, 48219 is a Commercial Property for sale at $1,500,000 with 1,950 sqft and a lot size of 0.82. 16550 TELEGRAPH Road is a studio with 0.0 baths. The property's zip code is 48219 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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16550 TELEGRAPH Road

Commercial Property for sale in Detroit, MI

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