Vacant Commercial
For Sale
Contact for pricing
8816 PURITAN St, Detroit, MI 48238
Vacant lot available for commercial development in a heavy-traffic area, subject to DLBA tax capture requirements.
Property SizeContact for details
Days on Market22
Property Features for 8816 PURITAN St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Jul 16
Changed: Jul 21
Last Checked: Aug 5 at 9:02AM
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 SCS Great Lakes INC
Investment Insights
Based on property information with market context.
This listing offers a vacant commercial lot at 8816 Puritan St, Detroit, MI 48238, suitable for buyers looking to develop the site for their business use. The property is currently undeveloped and ready for a new concept.
The seller’s remarks indicate the area experiences heavy traffic. BikeScore is listed as 41 (Somewhat Bikeable), walkScore is 53 (Somewhat Walkable), and transitScore is 49 (Some Transit).
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements that could otherwise be 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 a development proforma and the effect of any tax abatement on purchase and development financing.
The seller’s remarks indicate the area experiences heavy traffic. BikeScore is listed as 41 (Somewhat Bikeable), walkScore is 53 (Somewhat Walkable), and transitScore is 49 (Some Transit).
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements that could otherwise be 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 a development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant lot available for commercial development in a heavy‑traffic area
- DLBA is entitled to a tax capture for the 5 tax years after transferring ownership
- DLBA tax capture may be incompatible with tax abatements available to the purchaser
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
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 available for commercial development in a heavy-traffic area, subject to DLBA tax capture requirements.
Where is this commercial land located?
The property is located at 8816 PURITAN St 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 available for commercial development in a heavy‑traffic area; DLBA is entitled to a tax capture for the 5 tax years after transferring ownership; DLBA tax capture may be incompatible with tax abatements available to the purchaser
