Listed by Encore Real Estate Investment Services
$40,000
Island View Industrial Lot - 3261 Bellevue
Details
APN 15013258
Property Type Land
Sub Type Commercial, Industrial
Acreage 0.480
Zoning M4
Industrial land in a great location!
Marketing description
Located in Detroit’s strategic Island view industrial corridor, this 0.48-acre (20,865 SF) industrial parcel presents a rare opportunity within one of the city’s established production and logistics zones. The property is zoned M4 (Heavy Industrial) — one of Detroit’s most flexible and intensive industrial classifications — allowing for a broad range of heavy manufacturing, processing, storage, contractor yards, and industrial service uses. Island view’s proximity to major transportation routes, rail infrastructure, and the greater east riverfront industrial network makes this location attractive for owner-users, industrial developers, or investors seeking long-term industrial land control. The surrounding area consists of active industrial users, warehouse facilities, and industrial redevelopment projects. Opportunities for M4-zoned parcels of this size are increasingly limited, making this a compelling acquisition for investors seeking scalable industrial land in Detroit’s near-east industrial core. 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.
Investment highlights
- Square footage: 20865.24
Listing Contacts
Listed by Encore Real Estate Investment Services
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