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$50,000
20250020449 MLS
Attention investors! This commercial property from the Detroit Land Bank Authority is brimming with potential, offering a blank slate for your vision. Whether you're looking to restore its historic charm or transform it into a modern business space, this opportunity is ready for your expertise. With solid bones and a prime location, the possibilities are endless—revitalize, reimagine, and reap the rewards of this promising investment! Please 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

13537 Gratiot Ave, Detroit

Courtesy of Keller Williams Realty-Great Lakes 5865414000

$14,550
5 Baths 20221067518 MLS
Look no further! Check out this multifamily with 5 unit, 1-bedroom lofts that's a great cash-flow opportunity waiting for you!!! The corner lot, 12940 Greiner is also included in the sale. Close to Gratiot and minutes from downtown. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.

12932 Greiner St, Detroit

Courtesy of Bellabay Realty Tri Counties 2482746614

Selling Office: Bellabay Realty Tri Counties.

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