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$3,000
14427 E 7 Mile Rd, Detroit, MI 48205
0 Beds
0 Baths
1,075 sqft

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Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas. 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 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
  • Price:
  • $3,000
  • Square Footage:
  • 1,075
  • Acreage:
  • 0.10
  • Year Built:
  • 1925
  • Listing ID #:
  • 2200050828
  • Street Address:
  • 14427 E 7 Mile Rd
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48205
  • County:
  • Wayne
  • Community:
  • Det 8 To Gratiot/Houston To 7
  • Subdivision:
  • Gratiot Park (plats)
  • Listing Status:
  • Active
  • Foundation:
  • Basement
  • Foundation Material:
  • Block
  • Siding:
  • Wood
  • Stories:
  • 1 Story
  • Total Building Square Footage:
  • 1075
  • Year Built:
  • 1925
  • Business Type:
  • Office, Residential, Retail, Service
  • Conforms To Zoning:
  • Commercial, Multiple, Office, Residential
  • Existing Land Use:
  • Empty
  • Road Frontage:
  • 40
  • Road Frontage Type:
  • Class B
  • Days On Market:
  • 147
  • Financing Options:
  • Cash
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 0.0000
  • Winter Tax:
  • 0.0000
  • Existing Water:
  • Municipal Water
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Sewer-Sanitary
  • IDX provided courtesy of Realcomp II Ltd. Bellabay Realty Tri Counties
  • IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2020 Realcomp II Ltd. Shareholders FARMHILL

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ALL IDX provided courtesy of Realcomp II Ltd. New Michigan Realty
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