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6195 SELKIRK Street Detroit, MI 48211 1856
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Key Details
Sold Price $74,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 15,572 sqft
Price per Sqft $4
Subdivision Mi
MLS Listing ID 60346424
Sold Date 12/03/24
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 120.00 x 188.00
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Former automotive shop/warehouse in need of major renovation on the east side of Detroit. Over 15,000 sqft of space available for your creative ideas. 12 foot bay doors on either side as well as office space in the front can make for a very complimentary business in an up and coming area. 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/or 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 proposal guidelines.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Building
Water Community
Structure Type Brick
Others
Ownership Government Owned
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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