$10,000

10401 W Chicago

Detroit MI, 48204

Description

Perfect opportunity for investor or private business owner. Located on the corner lot. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please note that the Detroit Land Bank Authority is en.titled 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. Please see attached documents for requirements.

Details

MLS#2200007461
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1951
Days On Site66

Features

SQ Feet1,758
Story(s)1
ZoningCommercial

Market Activity 48204

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48204
AreaDet 6-Tire - Grnfld - Livernois
Listing VS Median (in 48204)
Price:
$10,000
low | high
Med:
$39,750
100% of Average
SqFt:
1,758
low | high
Med:
1,945
39.362912400455% of Average
$ / SqFt:
$6
low | high
Med:
$22
100% of Average
On Site:
66
low | high
Med:
61
100% of Average
Listing Updated: 04/03/2020
MLS Number: 2200007461
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.