Vacant Commercial
For Sale
Contact for pricing
7419 Puritan Street, Detroit, MI 48238
Vacant commercial land on Puritan Street in Detroit, with development-related tax capture considerations.
Property SizeContact for details
Days on Market1164
Property Features for 7419 Puritan Street
General Information
Standard status
Active
Property subtype
Commercial Lots & Land
Lease Term
Cash
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Sabudarealty
Added: Jun 16, 2023
Changed: Aug 20
Last Checked: Aug 21 at 2:18PM
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 vacant commercial land parcel is located at 7419 Puritan Street in Detroit, Michigan. The property is positioned for future development, with no existing improvements identified in the available information.
The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following ownership transfer. That tax capture may not be compatible with tax abatements otherwise available to a purchaser. The DLBA may review requests to waive its tax capture rights and could require a payment in lieu of taxes based on the development proforma and the impact of any tax abatement on purchase and development financing.
The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following ownership transfer. That tax capture may not be compatible with tax abatements otherwise available to a purchaser. The DLBA may review requests to waive its tax capture rights and could require a payment in lieu of taxes based on the development proforma and the impact of any tax abatement on purchase and development financing.
Key Highlights
- Vacant commercial land at 7419 Puritan Street, Detroit, MI 48238
- DLBA tax capture applies for the 5 tax years after ownership transfer
- DLBA may review requests to waive its tax capture rights
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
476
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 commercial land on Puritan Street in Detroit, with development-related tax capture considerations.
Where is this commercial land located?
The property is located at 7419 Puritan Street Detroit, MI.
What are key features of this property?
This property features: Vacant commercial land at 7419 Puritan Street, Detroit, MI 48238; DLBA tax capture applies for the 5 tax years after ownership transfer; DLBA may review requests to waive its tax capture rights
