12796 STRASBURG Street Detroit, MI 48205

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Oct 24, 2023

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MLS# 20230086587 Listing URL

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Investment Insights

Based on property information with market context.

These adjacent commercial lots are located off Gratiot in Detroit, Michigan. The property, presented by The Detroit Land Bank, is listed as a bundle with 12804 and 12808 Strasburg and must be purchased together. The total listing price for the bundle is $3000. The lot size is 0.08 acres. The Detroit Land Bank is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. The Detroit Land Bank 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.

Key Highlights

• Bundle of three adjacent lots (12800, 12804, and 12808 Strasburg) offering a larger development footprint.
• Located right off of Gratiot.
• Water source: Public.

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FAQs

What type of property is this?

Commercial land - Adjacent commercial lots available for purchase in Detroit, Michigan.

Where is this commercial land located?

The property is located at 12796 STRASBURG Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Bundle of three adjacent lots (12800, 12804, and 12808 Strasburg) offering a larger development footprint.; Located right off of Gratiot.; Water source: Public.