3730 Buchanan StDetroit, MI 48208

This vacant, 7,000-square-foot storefront at 3730 Buchanan Street in Detroit, Michigan, presents a unique investment opportunity. Located in Wayne County, zip code 48208, this single-story, mixed-use building sits on a 0.29-acre lot and offers significant potential for redevelopment. Currently vacant, the property is available for immediate occupancy, with a projected occupancy date of April 25, 2024. The building previously housed the well-known Jimmy's Soul Food restaurant. The asking price is $130,000, translating to $18.57 per square foot. The property features ample parking with 20 spaces available. Zoned B2, this building allows for a variety of uses, including but not limited to restaurants, party stores, or event spaces. While requiring rehabilitation, the building's structure is sound, offering a solid foundation for a future owner/user. The property is classified as distressed and is sold under standard ownership. The parcel number is 20240021599. This is a rare chance to own the only commercial building on its block in the Chadsey Condon neighborhood. The property is currently listed as vacant and has a net operating income (NOI) of $0. The pro-forma NOI is also $0.