15655 INVERNESS Street Detroit, MI 48238

Building Details

Year Built

1925

Listing office RCH Brokerage Legacy Inc l***@rchlegacy.com Show Phone

Listing date May 27, 2023

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RCH Brokerage Legacy Inc

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Investment Insights

Based on property information with market context.

This corner lot presents an opportunity for investors or private business owners. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following the property ownership transfer. This tax capture may not be compatible with tax abatements available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment instead of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The property size is 1575 square feet.

Key Highlights

• Corner lot location.
• Opportunity for investor or private business owner.
• Built in 1925.

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FAQs

What type of property is this?

Commercial land - Corner lot suitable for investors or private business owners.

Where is this commercial land located?

The property is located at 15655 INVERNESS 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: Corner lot location.; Opportunity for investor or private business owner.; Built in 1925.