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.
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.