Detroit, MI 48207
MLS# 20251021260
Bring This Previous Heidelberg Commercial Building Back to Life! This investment opportunity is one you don't want to miss! There are two lots also included in the sale, 3033 & 3039 Mt. Elliott. Steps away from the Heidelberg Projects, any business opportunity would be well worth it. Sale contingent on buyer/seller executed development agreement. 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.
Listed by Natasha C Richards · Bellabay Realty Tri Counties
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$278/mo
$11,000 down · $44,000 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
