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Former Banner Cigar Manufacturing Building 2941 E Warren Ave 24 Unit Apartment Building $1,236,348 CAD ($51,515 CAD/Unit) Detroit, MI 48211

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Executive Summary

Introducing a rare opportunity to acquire 2941 East Warren, a historic four-story building located in the charming Poletown neighborhood of Detroit. This unique 29,400 square foot property, formerly the Banner Cigar Manufacturing Company, sits on 0.28 acres of land and is ideal for a stunning apartment or condominium conversion. Priced at $1,100,000, this property offers immense potential for redevelopment. Conveniently situated near major freeways and downtown Detroit, 2941 East Warren provides an excellent investment opportunity in a rapidly developing area. The sale also includes adjacent properties at 5013 & 5021 Mitchell, further enhancing its value. Don't miss the chance to own a piece of Detroit's history and shape its future. Property Sold AS IS BATVAI

Property Facts

Price	$1,236,348 CAD	Apartment Style	Mid-Rise
Price Per Unit	$51,515 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.13 AC
Sale Conditions	1031 Exchange Redevelopment Project Building in Shell Condition	Building Size	23,578 SF
No. Units	24	No. Stories	4
Property Type	Multifamily	Year Built	1913
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2 - R2

Price	$1,236,348 CAD
Price Per Unit	$51,515 CAD
Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project Building in Shell Condition
No. Units	24
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.13 AC
Building Size	23,578 SF
No. Stories	4
Year Built	1913
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2 - R2