
Listed by Keller Williams Realty Lakeside
$50,000
11850 E McNichols Road
Details
APN W21I020074C5
Property Type Land
Sub Type Commercial
Square Footage 2,214
Year Built 1960
Acreage 0.090
Land | 0.09 acres
Marketing description
Commercial Building Opportunity in LaSalle College Park Neighborhood – Detroit Land Bank Owned. Fantastic opportunity to restore this commercial building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
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Listed by Keller Williams Realty Lakeside
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Zoning
B4 CommercialGeneral CommercialGeneral Business District
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