11850 E McNichols Road Detroit, MI 48205
Other
MLS #: 20251040444
Courtesy Of SCS Great Lakes INC
19900 E. Ten Mile Rd., St. Clair Shores, MI 48080
19900 E. Ten Mile Rd., St. Clair Shores, MI 48080
Property InformationDescription
Commercial Building Opportunity in LaSalle College Park Neighborhood Detroit Land Bank Owned. Fantastic opportunity to restore this commercial building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Exterior Type: Block
- Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. S E MC NICHOLS 835&834 DRENNAN & SELDONS LA SALLE COLLEGE PARK L47 P28 PLATS, W C R 21/697 40 X 100
- MLSID: 20251040444
MAP & DIRECTIONS
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