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19551 HOYTActive

Detroit, MI 48205-

0

5900-100.0%

-1Bed

-1Bath

1674SqFt


UPDATED

 

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 1,674 sqft

Price per Sqft $3

Lot Size 4,356 Sqft

Year Built 1975

MLS Listing ID 40114044

Financing Cash

Subdivision Mi

Property Description

Welcome to the latest offering from the Detroit Land bank authority. This one story brick building offers a host of possibilities. Needs major rehab, SHOW WITH CAUTION! FLOORS ARE VERY WEAK! In addition to this property, there are 3 vacant lots that are included with this sale. 19545 Hoyt, 19544 Hoyt and 14012 Liberal. These addresses are being sold as a bundle. 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 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 guidelines. OFFER DEADLINE 11/20/20 BY 5:00 PM

Location

State MI

County Wayne

Area Detroit (8-Gratiot/Houston-7) (82054)

Zoning Commercial

Interior

Heating Other-See Remarks

Exterior

Waterfront No

Building

Lot Dimensions 38.00X115.00

Water Public Water

Structure Type Brick

Others

Ownership Government Owned

Energy Description Natural Gas

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PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Janet Hull Real Estate One

    Janet Hull

    Realtor | License ID: 6501325976

    8555263886

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