Vacant Commercial Land
7147 Puritan Street Detroit, MI 48238
7147 Puritan Street, Detroit, MI, 48238
Contact for pricing
For Sale
Contact for pricing
Vacant commercial lot offered for sale, subject to a DLBA tax capture spanning five subsequent tax years.
Days on Market1133
Property Features for 7147 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
Sabudarealty
Added: Jun 16, 2023 Updated: Jul 22 at 12:20AM Checked: Jul 22 at 12:20AM
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 offering consists of a vacant commercial land lot. The property is being sold for future business or development use, with no existing improvements described in the provided materials.
The seller’s remarks note that 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 abatement available to the purchaser, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes to approve any waiver. The payment would be determined based on the development pro forma and the effect of any tax abatement on the purchase and development financing.
The seller’s remarks note that 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 abatement available to the purchaser, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes to approve any waiver. The payment would be determined based on the development pro forma and the effect of any tax abatement on the purchase and development financing.
Key Highlights
- Vacant commercial lot for sale.
- Subject to a DLBA tax capture spanning five subsequent tax years after ownership transfer.
- DLBA may require a payment in lieu of taxes to approve a waiver of its tax capture rights.
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 commercial lot offered for sale, subject to a DLBA tax capture spanning five subsequent tax years.
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 commercial lot for sale.; Subject to a DLBA tax capture spanning five subsequent tax years after ownership transfer.; DLBA may require a payment in lieu of taxes to approve a waiver of its tax capture rights.
