It has been a downtown Detroit mainstay for more than a century, and it’s up for sale.
Jacoby’s (according to the lore on the website, originally “Jake’s”) is on the market for purchase. It’s at 624 Brush, in the heart of downtown and was founded in 1904.
To give you an idea, that’s the same year the Aquarium and Conservatory opened on Belle Isle. Grosse Pointe went basically all the way to Grand Boulevard.
Rare investment opportunity to own a historical, up and running, iconic bar/restaurant in the heart of Downtown! Located just blocks of Renaissance Center, Comerica Park, Ford Field, Greektown Casino and Heart Plaza! Over 75,000 employees in a one mile radius, as well as over 50,000 cars daily on nearby Jefferson Ave. Operating since 1904, price includes liquor license, all inventory and equipment. Sales on an upward trend for last 3 years! All electrical updated in 2012. Land contract terms available!
The price on the bar – that’s just 52 feet wide, but is one of those places that probably has among the most memories per square foot in the city – is a cool $799,000.