20500 Schoolcraft Detroit, MI 48226

Listing agency Encore Real Estate Investment Services k***@encorereis.com Show Phone

Listed by Kishon Harbert · License #MI 6501402939

Source Crexi

Added: Apr 17 Updated: Jul 21 at 1:19AM Checked: Jul 21 at 1:19AM

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Investment Insights

Based on property information with market context.

This two-parcel bundle offers a commercial structure along with an adjacent vacant lot. The combined offering provides flexible options for retail, office, service-based operations, or new construction within a commercial district, with the vacant parcel positioned for development uses.

The properties are located at 20500 Schoolcraft in Detroit, with access to major roads and surrounding amenities described as convenient in the public remarks.

Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Key Highlights

• Two‑parcel bundle in Detroit includes a commercial structure plus an adjacent vacant lot.
• Vacant lot is located in a commercial zoning district, offering flexibility for potential uses.
• Property is positioned for access to major roads and surrounding amenities in an active commercial district.

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FAQs

What type of property is this?

Commercial land - Two-parcel bundle in Detroit includes a commercial structure and an adjacent vacant lot in a commercial zoning district.

Where is this commercial land located?

The property is located at 20500 Schoolcraft Detroit, MI.

What is the asking price?

The asking price for this property is $45,000.

What are key features of this property?

This property features: Two‑parcel bundle in Detroit includes a commercial structure plus an adjacent vacant lot.; Vacant lot is located in a commercial zoning district, offering flexibility for potential uses.; Property is positioned for access to major roads and surrounding amenities in an active commercial district.