$20,000

16126 Meyers Road

Detroit MI, 48235

Description

Commercial property located on a busy street. Features an open layout. Previous used as a Beauty Salon. The Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. 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 abatement 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 abatement on the purchase and development financing. BATVAI

Details

MLS#218090982
StyleIndustrial
Sub-TypeResale
StatusActive
Year1953
Days On Site421

Features

SQ Feet1,925
Story(s)1
ZoningCommercial

Market Activity 48235

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48235
AreaDet 6-Tire - Grnfld - Livernois
Listing VS Median (in 48235)
Price:
$20,000
low | high
Med:
$59,900
100% of Average
SqFt:
1,925
low | high
Med:
1,459
74.207792207792% of Average
$ / SqFt:
$10
low | high
Med:
$42
100% of Average
On Site:
421
low | high
Med:
10.500000
100% of Average
Listing Updated: 11/19/2019
MLS Number: 218090982
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.