Address
14427 E 7 Mile Rd Detroit, MI
Price
$ 2,500
Property Attributes
  • MLS#40076636
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48205
  • StyleCommercial/Industrial
  • Price$ 2,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1075
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Bellabay Realty Tri Counties
Data Source:
Michigan Multiple Listing Service
Property Description

Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas. 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 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

Price History
7/10/2020 Listed $3,500
10/27/2020 15% - $3,000
1/4/2021 17% - $2,500

General Features

Class COM/IND/BUS OPP
Directions North Side of 7 Mile, East of Gratiot
Financial Terms Cash
Heating Forced Air
Legal Description N SEVEN MILE RD E 23 GRATIOT PARK SUB L32 P66 PLATS, W C R 21/439 40 X 110.34A
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Government Owned
Source Mls MI Real Source
Status Active
Status Active
Subdivision GRATIOT PARK (PLATS)
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 1925
Zoning Mixed Use, Commercial, Professional Office, Residential

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Wood
Foundation Type Basement
Frontage 40
Lot Dimensions 40.00X110.00
Lot Size Area 0.1
Roads Class B
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48205

Visits
AVG 96
28
Year Built
AVG 1954
1925
Walkscore
AVG 57
71
Data Provided by Walkscore ® not using MLS data

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