Vacant Commercial Land
For Sale
Contact for pricing
7147 Puritan Avenue, Detroit, MI 48238
Vacant lot offered for sale, described as positioned in an area with heavy traffic for business development.
Property SizeContact for details
Days on Market1167
Property Features for 7147 Puritan Avenue
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo · License #6501330189
(586) 210-3350
Source:
Compass
Added: Jun 4, 2023
Changed: Aug 8
Last Checked: Jul 20 at 2:58PM
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.
This listing offers a vacant commercial land lot for sale. The property is being marketed as a site suitable for business ventures, with the current status as undeveloped land.
The seller notes the lot is located in a “prime” area with heavy traffic, which the listing describes as a key consideration for visibility and access.
Additionally, the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following transfer of ownership. The listing states this tax capture may be incompatible with any tax abatement that could otherwise be available to the purchaser, and that DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The seller notes the lot is located in a “prime” area with heavy traffic, which the listing describes as a key consideration for visibility and access.
Additionally, the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following transfer of ownership. The listing states this tax capture may be incompatible with any tax abatement that could otherwise be available to the purchaser, and that DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant lot offered for sale, described as positioned in an area with heavy traffic for business development.
Where is this commercial land located?
The property is located at 7147 Puritan Avenue Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
