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Poletown East Multifamily Home for Sale

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    $900,000

    • Studio
    • 24 Baths
    • 29,400 Sq Ft

    2941 E Warren Ave, Detroit, MI 48211

    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

    Alex Lauer Clyde Realty LLC

    2941 E Warren Ave, Detroit, MI 48211

About Poletown East

Poletown East in Detroit is a neighborhood with an industrial past and a community-driven future. Once a thriving Polish community, the area faced significant challenges with the construction of the Detroit-Hamtramck Assembly Plant, leading to environmental issues and the displacement of residents. However, the community has rallied around environmental justice initiatives, with projects like the Ferry Street Nursery Project and Arboretum Detroit working to plant trees and create green spaces. The neighborhood features several parks, including Perrien Park, which hosts family cookouts and local events like Sunday Blues in the Park. Poletown East's central location, just 3 miles north of Downtown Detroit, offers convenient access to Interstates 75 and 94, as well as multiple bus routes and bike-friendly streets. Housing options primarily consist of Four Square homes from the late 1900s and early 20th century, with a mix of single-family and multifamily units, many of which are surrounded by green spaces. Local dining includes the historic Raven Lounge & Restaurant and the Ivanhoe Café, known for its Polish cuisine. While the area has faced challenges, the community's efforts toward improvement and its central location make it an area with potential for growth.

Home Trends in Poletown East, MI

Home Trends

Median Price (12 Mo)
$42,700
Median Single Family Price
$42,700
Average Price Per Sq Ft
$79
Number of Homes for Sale
1
Last 12 months Home Sales
5
Months of Supply
2.40
Median List Price
$60,000
Median Discount From 1st List Price
16%
Median Home Sale Price YoY Change
42%
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