$50,000

11850 E McNichols Road, Detroit, MI 48205

  • 2,214 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $23/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Listing Office:
Keller Williams Realty-Great Lakes : 5865414000
Listing Agent:
Erick Monzo : 5862103350
MLS ID:
20251040444
  • General: BlockBrickSlab
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. S E MC NICHOLS 835&834 DRENNAN & SELDONS LA SALLE COLLEGE PARK L47 P28 PLATSW C R 21/697 40 X 100W21I020074C5
  • Current Use: Vacant
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Erick Monzo, Keller Williams Realty-Great Lakes

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.62 miles away

B

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.62 miles away

T

Turning Point Academy

18501 Waltham St, Detroit, MI, 48205

Grades KG-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.