$ 34,000
690 W PHILADELPHIA Street Detroit, MI 48202
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$ 34,000
Est. payment | /mo
8,712 Sqft Lot
$ 34,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240080318
Originating Board Realcomp
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 70 x 122
Property Description
Great property for infill building located in Detroit’s Piety Hill neighborhood. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity Henry Ford Hospital.Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. Note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WOODWARD HEADED SOUTH PASS CHICAGO BLVD MAKE RIGHT ONTO PHILADELPHIA
Exterior
View Y/N No
Others
Tax ID 04002067.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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Mike Himes
Lic# 501408694