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31634464
31634463

20500 Schoolcraft, Detroit, MI 48226

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$45,000
48 days on market
Updated 45 days ago

DLBA - 20444 - 20500 Schoolcraft

Details
Property Type Land, Retail
Sub Type Commercial
Square Footage 6,468
Price per SqFt $7
Acreage 0.150

Land | 0.15 acres

Marketing description

This two‑parcel bundle offers a rare opportunity to acquire both a commercial structure and an adjacent vacant lot in a growing Detroit corridor. Together, the properties provide flexible options for investors, developers, or owner‑operators seeking space for retail, office, service‑based operations, or new construction within an active commercial district.

Commercial structure available in Detroit offering a great opportunity for a variety of business uses. Positioned in a developing area with strong potential for growth and visibility. The property provides flexible space suitable for retail, office, or service-based operations. Convenient access to major roads and surrounding amenities makes this an ideal location for investors or owner-users looking to establish or expand their presence.

The vacant land is situated in a commercial zoning district, this parcel provides flexibility for a variety of potential uses. Located near major roads and surrounding amenities, the property presents strong potential for investors or developers looking to build in an active and growing area.

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

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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