2948-2958 Biddle St - Storefront Retail/Residential FOR SALE


Wyandotte, MI 48192- Downtown Wyandotte
$1,699,000 USD
313-289-2222
2948-2958 Biddle St, Wyandotte, MI for Sale
$1,699,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | 8.89% Cap Rate

NEW


2948-2958 Biddle St
Wyandotte, MI 48192
Downtown Wyandotte


HIGHLIGHTS

  • Prime location in a high-demand, walkable downtown district.
  • Three established, thriving businesses providing immediate commercial income.
  • Tax incentive in place through 2028, enhancing financial upside.

OVERVIEW

Rare Investment Opportunity in the Heart of Downtown Wyandotte This once-in-a-lifetime opportunity offers a fully renovated, income-producing property located in the center of Wyandotte’s booming waterfront community. Over the past decade, Downtown Wyandotte has transformed into the most vibrant destination along the Detroit Riverfront—home to upscale restaurants, bars, shopping, salons, a social district, art fairs, concerts, and year-round community events that drive consistent foot traffic. Simply put, this is the place to be. Property Overview: Total Health Foods – Approx. 10,000 SF grocer and fresh deli counter (business and contents available for separate purchase). Yogurt Co. – Approx. 4,200 SF newly renovated space, leased and operating successfully. Wyandotte Healing Center – Approx. 2,400 SF office suite on First Street, also fully leased. Residential Units – Four fully leased apartments on the second floor (three 2-bedroom units and one 3-bedroom unit). On-site laundry and large common areas are included for residents’ convenience. Additional Space – Approx. 1,200 SF of unfinished space with exposed brick and rounded windows—ideal for development into lofts, offices, or creative space. Basements – All three buildings have dry, full basements with excellent storage/inventory capacity. Lot Bonus – Additional 54 feet of frontage on First Street, expanding visibility and access. Highlights: Prime location in a high-demand, walkable downtown district. Three established, thriving businesses providing immediate commercial income. Four fully leased residential apartments offering consistent rental cash flow. Additional undeveloped space with endless expansion potential. Tax incentive in place through 2028, enhancing financial upside. Strong community support for small business growth and long-term stability. Whether you’re an investor seeking immediate returns with future growth potential, or a visionary looking to bring your next project to life, this property checks every box. With diversified income streams, a central location, and development upside, it’s a rare find in Southeast Michigan’s most sought-after riverfront community. Please Note: The property is fully occupied with operating businesses and residential tenants. All showings must be scheduled through the listing agent, who will be present. Do not approach or disturb employees or residents.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

8.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1861

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

DB-1

APN/PARCEL ID

57-011-08-0004-002

ASK ABOUT THIS PROPERTY

Ali T. ChararaAli Charara TeamMore Info
313-289-2222

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Ali T. ChararaAli Charara TeamMore Info
313-289-2222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.