The 90-year-old CPA Building in Detroit, which has been vacant since at least 2009, has sold to a New York investment firm for $900,000, according to real estate broker Howard Schwartz.
The six-story building along Michigan Avenue is considered a key piece to the continuing revitalization of Corktown.
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The sale includes the entire block of Michigan Avenue from 14th to 15th streets.
It’s unclear what the new owner plans to do with the property.
The 90-year-old CPA building is across the street from the abandoned Michigan Central Station and has been a popular target for graffiti vandals.
Steve Neavling lives and works in Detroit as an investigative journalist. His stories have uncovered corruption, led to arrests and reforms and prompted FBI investigations.