7147 PURITAN Street Detroit, MI 48238

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 Jun 16, 2023

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MLS# 20230048431 Listing URL

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Investment Insights

Based on property information with market context.

This vacant commercial lot is located in Detroit, MI. The property is zoned commercial and has a lot size of 0.09 acres. It is situated in a prime location with heavy traffic, making it suitable for various business ventures. The Detroit Land Bank Authority (DLBA) 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 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 abatement on the purchase and development financing.

Key Highlights

• Vacant lot ready for business ventures
• Prime location
• Heavy traffic area

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FAQs

What type of property is this?

Commercial land - Vacant commercial lot in prime Detroit location.

Where is this commercial land located?

The property is located at 7147 PURITAN 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: Vacant lot ready for business ventures; Prime location; Heavy traffic area