Listed by Encore Real Estate Investment Services
$30,000
DLBA - 6100 Maxwell Ave
Details
APN 17008411
Property Type Retail, Land
Sub Type Commercial
Square Footage 3,230
Acreage 0.070
Zoning R2
Retail | 3,230 SqFt
Marketing description
Located within Detroit’s Gratiot Town / Kettering area, this property presents an opportunity for investors or developers seeking a repositioning project in a corridor identified within the City’s Jobs and Amenity Development Areas (2023)planning framework. Situated on approximately 0.07 acres, the site includes an existing two-family flat currently in distressed condition, making this an ideal candidate for full renovation, redevelopment, or land-value acquisition strategy. The surrounding neighborhood consists primarily of residential properties with nearby commercial corridors along Gratiot Avenue providing access to retail, services, and transit connectivity. The area has seen continued reinvestment interest due to its proximity to major east-side thoroughfares and neighborhood commercial nodes. Buyers should plan for significant rehabilitation if restoring the existing structure. This property represents an entry-level opportunity to secure a footprint in an evolving east-side planning district. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Listing Contacts
Listed by Encore Real Estate Investment Services
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