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
Area Wayne County - 100
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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