7419 PURITAN Street Detroit, MI 48238

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Jun 16, 2023

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MLS# 20230048407 Listing URL

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Investment Insights

Based on property information with market context.

This vacant commercial lot is located in Detroit, MI. The property is zoned for commercial use and is situated in a prime location with heavy traffic, making it suitable for various business ventures. The lot size is approximately 0.09 acres. Please note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

Key Highlights

• Vacant lot ready for business ventures.
• Prime location in a heavy traffic area.
• DLBA tax capture for 5 years after ownership transfer.

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FAQs

What type of property is this?

Commercial land - Vacant commercial lot in prime location for business ventures.

Where is this commercial land located?

The property is located at 7419 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 lot ready for business ventures.; Prime location in a heavy traffic area.; DLBA tax capture for 5 years after ownership transfer.