Light Industrial Re-Development Opportunity

Industrial for Sale
Catylist Listing ID: 30819835
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 15,572 SF
Gross Land Area: 22,493 SF
Sale Price: $135,000
Unit Price: $8.67 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2023

Overview / Comments

- industrial Redevelopment Opportunity

- Ample Storage Area within structure

- Onsite Parking Available

- Overhead Door

- Easy Access to Mt. Elliott St. & Conant St.

- Adjacent to Hamtramck border with close proximity to I-75

- Property is sold "as is, where is"

* Please note that the Detroit Land Bank Authority (DLBA) 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.

****contact listing broker to receive DLBA google link to submit offer.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 13004548-50
Property Located Between: Mt. Elliot St. & Conant St.
Site Description: Industrial - Light Manufacturing
Area Description: Mix of Industrial, Commercial, and Residential
Zoning Description: R2, with Industrial - Light Manufacturing - May require re-zoning
Legal Description: N SELKIRK 43-44-45-46 GEO HEINTZS SUB L32 P56 PLATS, W C R 13/201 120.44 IRREG

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,313 160,816 440,649
Median Age: 28.78 35.47 34.6
Households: 4,960 61,116 168,578
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