Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired. Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion. In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators. Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.
General Information
Sale Price: $2,500,000
Price/SqFt: $198
Status: Active
MLS#: rcomi20230098765
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.7
Lot Dimensions: 100.00 x 190.00
Size: 12,628 sq.ft.
Acreage: 0.7 est.
Year Built: 1888
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $36,931 Est. Winter Taxes: $4,118
