4128 E Mcnichols
Detroit, MI 48212
$13,500
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Presenting the latest commercial offering from the Detroit Land Bank authority. Looks like a former auto repair shop. Lots of potential. Needs full rehab. Be careful when showing. The possibilities are endless. Please note that the Detroit Land Bank Authority is entitled 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 and lot combinations 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 refer to DLBA guidelines

http://gkelley.realestateone.com/2200072373
Eugene Kelley II
29100 Northwestern Hwy. Suite 110
Southfield, MI 48034
Mobile: 248-506-1257
Direct: 248-506-1257
[email protected]
https://gkelley.realestateone.com
 
Property Details
Status: Active
Listing Date 09/03/2020
County: Wayne
Acreage: 0.08
Lot Dimensions: 33.00X110.00
Price/SqFt: $7
Zoning: Commercial
Current Use: Vacant
Water: Municipal Water
Sub Property Type: Commercial
Possession: At Close
Above Grade Finished SqFt 1,815
Year Built: 1953
Heating: Natural Gas, Other
 
Listing Office: Southfield
Office Address: 29100 Northwestern Hwy.
Listing Number: 2200072373
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