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Property summary
This exceptional 23.81 sq ft commercial land parcel, located at 13131 E Warren Ave, Detroit, MI 48215, presents a unique investment opportunity. Zoned for commercial use, the property is ideally situated in Wayne County and offers significant potential for various developments, including parking facilities, new commercial construction, or even green space initiatives. The asking price is $15,000, translating to $630 per square foot. Prospective buyers should be aware that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale, potentially impacting the feasibility of certain tax abatement strategies. The DLBA is open to reviewing requests to waive these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development plan and its impact on financing. Detailed DLBA requirements are available in accompanying documentation. This property offers a compelling chance to shape the future of this vibrant Detroit location. Serious inquiries only. Buyer is responsible for conducting their own due diligence. The latitude and longitude coordinates are 42.3933596, -82.9655281 respectively.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
