453 MARTIN LUTHER KING JR Boulevard Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48201
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 12,628 sqft
Price per Sqft $197
Subdivision Plat Of Part Cass Farm (Plats)
MLS Listing ID 20230098765
Year Built 1888
Annual Tax Amount $41,049
Lot Size 0.700 Acres
Property Description
Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired.
Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion.
In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators.
Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multi-Family
Exterior
Pool No
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Stone
Schools
School District Detroit
Others
Assessment Amount $1,600
Acceptable Financing Cash,Owner May Carry(Purchase Money Mortgage),Trade/Exchange
Listing Terms Cash,Owner May Carry(Purchase Money Mortgage),Trade/Exchange
Special Listing Condition Full Service