Description
Welcome to the latest commercial offering from the Detroit Land Bank Authority. Former auto repair shop. It can be yours to create your own business on a well travelled street. Needs major renovation, but with the right touches it should clean up nicely. Be careful when showing. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA guidelines
Map
IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2020 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 28th February, 2021 12:55 AM
