The opportunities are endless. Business store-front and apartment in the back. Sale contingent on buyer/seller executed development agreement. 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.
- Price:
- $7,500
- Square Footage:
- 1,291
- Acreage:
- 0.07
- Year Built:
- 1921
- Listing ID #:
- 2210074714
- Street Address:
- 12225 Maine St
- City:
- Detroit
- State:
- Michigan
- Postal Code:
- 48212
- County:
- Wayne
- Community:
- Det: 6-Mack I75-Conner
- Subdivision:
- Chene Street Sub (plats)
- Listing Status:
- Pending
- Listing Type:
- Commercial
School District: Detroit
- Foundation:
- Basement
- Foundation Material:
- Block
- Main Level Square Footage:
- 1291
- Number Of 1 Bedroom Units:
- 1
- Number Of Units:
- 1
- Siding:
- Brick, Vinyl
- Stories:
- 1 Story
- Total Building Square Footage:
- 1291
- Year Built:
- 1921
- Business Type:
- Service, Office, Residential, Retail
- Conforms To Zoning:
- Commercial, Residential
- Existing Land Use:
- Vacant
- Road Frontage:
- 30
- Road Frontage Type:
- Paved
- Days On Market:
- 634
- Financing Options:
- Cash
- For Sale Or Lease?:
- Sale
- Summer Tax:
- 0.0000
- Winter Tax:
- 0.0000
- Existing Water:
- Public (municipal)
- Heating:
- Forced Air
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Public Sewer (sewer-Sanitary)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
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IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2023 Realcomp II Ltd. Shareholders
