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About This Home
This 0-bedroom, 0-bathroom commercial at 11850 E McNichols Road in Detroit, MI is listed for $50,000 ($23 per sqft). Built in 1960, the home offers 2,214 sqft of living space on a 0.09 acres lot.
Commercial Building Opportunity in LaSalle College Park Neighborhood – Detroit Land Bank Owned. Fantastic opportunity to restore this commercial building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1.
Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement.
The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Key Features
- Built in 1960
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$267/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11850 E McNichols Road
Detroit, MI 48205
Drennan & Seldons Lasalle College Park
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 11850 E McNichols Road is listed at $50,000 ($23/sqft). The estimated monthly payment is $217 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 0.09 acre lot.
This property is listed by Erick Monzo and can be reached at 5862103350 or erick@monzogroup.com.
