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$ 20,200
Est. payment | /mo
9,690 SqFt
$ 20,200
Est. payment | /mo
9,690 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,690 sqft
Price per Sqft $2
MLS Listing ID 20240071837
Originating Board Realcomp
Year Built 1912
Annual Tax Amount $100
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 125.00
Property Description
Bring your hard hat and let's bring your vision to life with this apartment building offering over 9,690 square feet, 3 stories and located in East village. This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction N. of Kercheval, E. of McClellan
Exterior
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W19I004913S
Listed by Bellabay Realty Tri Counties