453 MARTIN LUTHER KING JR Boulevard Active

Detroit,MI 48201

$ 2500000

0 Bed

- Bath

12628 SqFt


Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 12,628 sqft

Price per Sqft $197

Subdivision Plat Of Part Cass Farm (Plats)

MLS Listing ID 20230098765

Year Built 1888

Annual Tax Amount $41,049

Lot Size 0.700 Acres

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.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Commercial,Multi-Family

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Stone

Schools

School District Detroit

Others

Assessment Amount $1,600

Acceptable Financing Cash,Owner May Carry(Purchase Money Mortgage),Trade/Exchange

Listing Terms Cash,Owner May Carry(Purchase Money Mortgage),Trade/Exchange

Special Listing Condition Full Service

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