Catylist ID:
#30819835
| 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: | 5/15/2023 |
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 |
| Zoning: | R2 - WITH INDUSTRIAL ZONING DESCRIPTION - MAY REQUIRE RE-ZONING |
| 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 |
| Land Ownership: | DETROIT LAND BANK AUTHORITY |
| Legal Description: | N SELKIRK 43-44-45-46 GEO HEINTZS SUB L32 P56 PLATS, W C R 13/201 120.44 IRREG |
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 |
Contact
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