13
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$50,000
Est. payment /mo
2,214 SqFt
Active
11850 E McNichols Road Detroit, MI 48205
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $22
MLS Listing ID 20251040444
Year Built 1960
Annual Tax Amount $12,242
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 40X100
Source Realcomp
Property Description
Commercial Building Opportunity in LaSalle College Park Neighborhood – Detroit Land Bank Owned. Fantastic opportunity to restore this commercial building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Location
State MI
County Wayne
Zoning Commercial
Direction Go south on Hoover, then left on E McNichols
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I020074C5
Listed by Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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