Catylist ID:
#30827013
Retail Storefront on Active Corridor
Retail-Commercial
for Sale
| Catylist Listing ID: | 30827013 |
| Property Subtypes: | Convenience Store, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 3,800 SF |
| Gross Land Area: | 4,000 SF |
| Sale Price: | $47,500 |
| Unit Price: | $12.50 PSF |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/22/2023 |
Overview / Comments
|
- Retail Redevelopment Opportunity - Property located on active commercial corridor - Close Proximity to nearby retail - Close proximity to Detroit City Airport - 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 google link to submit offer - Contact Listing Broker Jason Gage at 313-872-1300 ext. 133 for more info |
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Wayne |
| Submarket/Township: | Detroit E of Woodward |
| Taxing Authority: | City Of Detroit |
| Tax ID/APN: | 21029019 |
| Zoning: | COMMERCIAL - B2 |
| Retail Clientele: | General, Business, Other |
| Property Visibility: | Good |
| Largest Nearby Street: | E. McNichols |
| Feet of Frontage: | 40 |
| Property Condition: | Fair |
| Roof Type: | Flat |
| Zoning Description: | Commercial |
| Legal Description: | N GRATIOT 280&279 MICHAEL GREINER EST SUB L41 P67 PLATS, W C R 21/611 40 X 100 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 25,199 | 195,767 | 471,154 |
| Median Age: | 28.78 | 32.08 | 35.85 |
| Households: | 8,048 | 67,669 | 175,869 |
Contact
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
