15655 Inverness St, Detroit, MI 48238

This exceptional mixed-use property, located at 15655 Inverness St, Detroit, MI 48238, presents a compelling investment opportunity. The building, constructed in 1968, boasts 3,838 square feet of space, situated on a substantial 84,375 square foot lot. The property features a two-story design and is zoned for commercial use. The asking price is $5,000, translating to a price per square foot of $1.30. This corner lot location offers significant visibility and accessibility. Potential buyers should be aware that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-ownership transfer. This tax capture may conflict with other available tax abatements. The DLBA will consider waivers of these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development plan and the impact of any tax abatement on financing. Detailed DLBA requirements and offer submission information are available in accompanying documents. This property is offered "as is," where is. Serious inquiries only.