$6,000
$10,000
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10401 W CHICAGO Detroit, MI 48204
1,758 SqFt
Key Details
Sold Price $6,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,758 sqft
Price per Sqft $3
Subdivision B E Taylors Middlepoint Sub (Plats)
MLS Listing ID 2200007461
Sold Date 09/09/20
Originating Board Realcomp II Ltd
Year Built 1951
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60.00X100.00
Property Description
Perfect opportunity for investor or private business owner. Located on the corner lot. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please note that the Detroit Land Bank Authority is en.titled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please see attached documents for requirements.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Commercial
Direction TAKE CHICAGO HEADED EAST PASS MEYERS BUILDING ON THE RIGHT HAND SIDED
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W18I005558S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service
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Bought with RCH Brokerage Legacy Inc