1250 LIBRARY ST $14,995,000

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    1250 LIBRARY ST Detroit, MI 48226

    • 30,000 sq. ft.
    • Commercial
    • MLS# 40096475
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    Views: 907 Days On Site: 333

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    Property Details

    Library Street Lofts prime location makes this an amazing opportunity to be centered in the heart of Detroit?s bright future, right across from the future Hudson?s site! This is a 30,000 sq ft mixed use building with 12 units of large loft apartments & commercial space with unused 2,500 sq ft storage & 5,000 sq ft basement space providing additional rentable sq ft. Direct building access to The Belt alley out back! True loft vibes add tons of character throughout: exposed brick & duct work, high ceilings and original maple floors. The giant light-filled front windows overlook a booming street of development. The location couldn?t be better with all that surrounds- the Q-line, Mo-Go bikes and dozens of restaurants, coffee shops, parks, venues, stadiums, casinos and more!

    • General Features
      • Acreage 0
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Waterfront Y/N No
      • Year Built 1920
      • ZONING Commercial,Multi-Family,Professional Office,Residential
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Basement
      • FUEL TYPE Natural Gas
      • Heating System Forced Air
      • Roofing Other-See Remarks
    • Property Features
      • Water Public Water
      • Lot Size 30X100
      • Sewer Septic Public Sanitary

    Contact

    John Pickell

    John Pickell

    REALTOR

    RE/MAX Classic

    Mobile Phone: 248-917-5923

    Neighborhood

    48226 (Detroit) Demographics

    34 Median Age
    5,187 Population Density (per sq. mile)
    50% College Educated
    $40,850 Estimated Median Income
    496 Estimated Total Home Owners
    3,303 Estimated Total Renters
    13% / 87% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,406 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $250,000 Median Sales Price
    5 Homes Sold
    3 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $14,995,000
        4/9/2021 4:35:37 PM Price Reduced Source: Multiple Listing Service New Value: $14,995,000 -6.28%
        8/28/2020 12:06:00 PM New in Database Source: Multiple Listing Service New Value: $15,999,900

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.