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Vacant Commercial Land
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7147 Puritan Street, Detroit, MI 48238

The vacant parcel is located on Puritan Street in Detroit.

Property SizeContact for details
Days on Market1227

Property Features for 7147 Puritan Street

General Information

Standard status Active
Property subtype Commercial Lots & Land

Site & Location

Neighborhood Fitzgerald/Marygrove
Listing Agency: Keller Williams Realty-Great Lakes
Listed By: Erick Monzo
Source: Carterassociatesrealty
Added: Jun 16, 2023 Changed: Oct 23 Last Checked: Oct 23 at 4:00PM

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

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Investment Insights

Based on property information with market context.

This vacant commercial parcel is at 7147 Puritan Street in Detroit, Michigan. The DLBA retains tax-capture rights for the five tax years following transfer of ownership.

Those rights may conflict with tax abatement available to a purchaser. The DLBA reviews waiver requests and may require a payment in lieu of taxes; any payment is determined after review of the development pro forma and the impact of abatement on purchase and development financing.

Key Highlights

  • Vacant commercial parcel at 7147 Puritan Street, Detroit, MI 48238
  • DLBA tax capture applies for the 5 tax years after ownership transfer
  • Tax capture may be incompatible with otherwise available tax abatement

Property Analytics

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Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Spa & Massage Center Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

447
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Commercial land - The vacant parcel is located on Puritan Street in Detroit.
Where is this commercial land located?
The property is located at 7147 Puritan Street Detroit, MI.
What are key features of this property?
This property features: Vacant commercial parcel at 7147 Puritan Street, Detroit, MI 48238; DLBA tax capture applies for the 5 tax years after ownership transfer; Tax capture may be incompatible with otherwise available tax abatement
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