Vacant Commercial Land
7419 Puritan Street Detroit, MI 48238
7419 Puritan Street, Detroit, MI, 48238
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For Sale
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Vacant lot available for sale at 7419 Puritan Street, subject to a DLBA tax capture requirement.
Days on Market1129
Property Features for 7419 Puritan Street
General Information
- Standard status
- Active
- Property subtype
- Commercial Lots & Land
Listing Agency
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed by
Erick Monzo
(586) 210-3350
Source
Carolbollo
Added: Jun 16, 2023 Checked: Jul 17 at 8:34 am
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 Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
The property is a vacant commercial land parcel available for sale. It is being marketed for business development, and the seller notes the site’s “heavy traffic” exposure.
The lot is located at 7419 Puritan Street in Detroit, MI 48238. The provided remarks also address an administrative tax structure tied to the development process: the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership.
The tax capture may be incompatible with any tax abatement options available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the amount would be determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The lot is located at 7419 Puritan Street in Detroit, MI 48238. The provided remarks also address an administrative tax structure tied to the development process: the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership.
The tax capture may be incompatible with any tax abatement options available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the amount would be determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant lot for sale at 7419 Puritan Street.
- Sale is subject to a DLBA tax capture requirement for the 5 tax years after ownership transfer.
- DLBA may require a payment in lieu of taxes to waive its tax capture rights, based on the development proforma and any tax abatement impact.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Vacant lot available for sale at 7419 Puritan Street, subject to a DLBA tax capture requirement.
Where is this commercial land located?
The property is located at 7419 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 for sale at 7419 Puritan Street.; Sale is subject to a DLBA tax capture requirement for the 5 tax years after ownership transfer.; DLBA may require a payment in lieu of taxes to waive its tax capture rights, based on the development proforma and any tax abatement impact.
