Description

Development Opportunity in Detroit's Milwaukee Junction Neighborhood. Walking to the New Center & the Q-line. Interior inspection will be granted to upon acceptance of offer. This sale includes the following parcels. 452 Harper, 456, Harper, 5937 Beaubien, 5943 Beaubien, & 5947 Property is owned by DBLA, Sale subject to approved development agreement. Proposal requirements are attached in documents. Only complete proposals will be reviewed. 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 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.

Details

MLS#218109251
StyleIndustrial
Sub-TypeResale
StatusActive
Year1903
Days On Site98

Features

SQ Feet7,500
Story(s)1
Units1
ZoningMulti-Family

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48202
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48202)
Price:
$54,000
low | high
Med:
$94,900
25.740740740741% of Average
SqFt:
7,500
low | high
Med:
2,380
100% of Average
$ / SqFt:
$7
low | high
Med:
$40
100% of Average
On Site:
98
low | high
Med:
128
76.5625% of Average
Listing Updated: 02/17/2019
MLS Number: 218109251
Listing Provided By:
Bill Swanson  of  OConnor Realty
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