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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 2,100,000

Est. payment -/mo

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Active

42-62 PIQUETTE Street Detroit, MI 48202

5,696 SqFt

UPDATED:

09/13/2024 03:55 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 5,696 sqft

Price per Sqft $368

Subdivision Hubbard & Kings Sub Of Park Lot 46 (Plats)

MLS Listing ID 20240068712

Originating Board Realcomp II Ltd

Year Built 1968

Annual Tax Amount $3,695

Lot Size 0.670 Acres

Acres 0.67

Lot Dimensions 152.00 x 98.00

Property Description

Welcome to 42 Piquette! Built in 1862, this iconic and historically significant commercial building is located in the heart of Midtown Detroit. A rare opportunity for the discerning investor, this property is home to a vibrant and well-established bar/restaurant, complete with liquor licenses for beer, wine, and spirits, as well as a food service and an expansive patio. The sale includes the family-owned Historic House Bar & Grill, which has been a beloved Detroit establishment since 1978. In addition to its spacious patio, the property offers a sand volleyball court and outdoor games, providing a fun and engaging atmosphere for patrons. This property represents a unique chance to acquire a commercial asset with rich history, an unparalleled location, and tremendous potential for future growth. Sale includes 3 parcels. 42, 52, 62 Piquette. Please request confidentiality and broker agreement to review financials. Do NOT discuss nor tour the businesses without previous permission from broker. List agent & or owner will accompany you on your tour.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Commercial

Direction Woodward and Piquette Ave

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W01I001786S

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 2018

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Special Listing Condition Full Service

Listed by KW Domain

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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