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$2,500,000 for Sale

453 martin luther king jr, detroit, MI 48201

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Property Description
Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired. Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion. In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators. Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.
General Information
Sale Price: $2,500,000
Price/SqFt: $198
Status: Active
MLS#: 146
City: detroit
Post Office: detroit
County: Wayne
Acres: 0.7
Lot Dim: 100.00 x 190.00
Size: 12,628 sq.ft.
Acreage: 0.7 est.
Year Built: 18
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes:  $36,931
Est. Winter Taxes:  $4,118


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jerome Dixon of Signature Sotheby's International Realty Bham

This listing last updated: Fri, October 04, 2024 at 1:56:43 PM EDT

MIRealSource Listing Data Last Updated On Tuesday, October 8 2024 at 11:45am
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Listings presented by:
Jerome Dixon
Signature Sotheby's International Realty Bham
Call: (248) 804-3381

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