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24603562
24603561

7625 Rosa Parks Blvd, Detroit, MI 48206

RK
MI 6501401697
RE/MAX Leading Edge
Listed by RE/MAX Leading Edge
$799,900
318 days on market
Updated 19 days ago

7625 Rosa Parks

Details
APN W08I007991S004
Property Type Land, Mixed Use (+2)
Sub Type Apartment Building, Commercial (+1)
Square Footage 44,548
Broker Co-Op Yes
Class D
Year Built 1900
Stories 3
Acreage 2.200
Zoning Commercial
Investment Type Redevelopment
Ownership Privately Owned

Land | 2.2 acres

Marketing description

**DEVELOPERS** The former St. Agnes cathedral, school, & convent represents your next HUGE opportunity in Detroit! This prime piece of land is nearly 2.25 acres and is located on the border of the resurgent and quickly developing LaSalle Gardens and Virginia Park neighborhoods, just outside of New Center!

There are a variety of potential uses, but its highest and best use is likely clearing everything except the church and school buildings and building townhome style condos, converting the school into apartments, and possibly restoring the church as a magnificent commercial space!

The current owner has a variety of site plans drawn up and there is space for as many as 106 townhomes and 48 rental units in the school; site plans available upon request.

The lot has been rezoned SD-2, which is one of Detroit's most flexible zoning designations, has passed a Phase 1 environmental assessment, and has obtained an OPRA (Obsolete Property Rehabilitation District) property tax freeze for 12 years.

3 of the 4 lots highlighted in red in the listing photos can be purchased from the DLBA and the 4th is available through a private owner, which would bring the total space to over 2.5 acres.

The sale includes the parcels at 7601 Rosa Parks, 7625 Rosa Parks, 1925 S LaSalle Gardens, 1945 S LaSalle Gardens, 1967 S LaSalle Gardens, 2011 S LaSalle Gardens, and 1950 Bethune.

Finally, the La Salle Gardens/Virginia Park/Piety Hill neighborhoods are some of the fastest growing areas of the city, with over $3.5 BILLION in developments slated to happen over the next 5 years, including a $2.8 Billion new-build hospital complex that will bring in many high-paying jobs in the medical field!

Listing Contacts

RK
MI 6501401697
RE/MAX Leading Edge
Listed by RE/MAX Leading Edge

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