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5281 Addison Street

Detroit, MI 48210
  • $10,000
  • STATUS: Active
  • ON SITE: 200 Days
  • ID#: 2210101097
UPDATED: 28 min ago
$10,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $6
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Zoning:
Commercial
Lot Size Dimensions:
40.00X98.00

School Ratings & Info

School District:

Description

This vacant structure presents an awesome opportunity. Previously used as a place of worship. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.

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IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-04T19:57:58.23.
www.dannovakproperties.com/homes/124063233
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5281 Addison Street Detroit, MI 48210

  • Price: $10,000
  • Status: Active
  • On Site: 200 Days
  • Updated: 28 min ago
  • ID#: 2210101097
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1,600
SQFT
$6
$/SQFT
Neighborhood:
Addisons Sub
County:
Wayne
Area:
Det South Of Grand River
School District:
DETROIT
Property Description
This vacant structure presents an awesome opportunity. Previously used as a place of worship. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Exterior Features

Architecture Level 1 Story Construction Materials Brick Foundation Details Crawl Foundation Materials Poured Interstate YN No Lot Size Dimensions 40.00X98.00 Road Frontage Feet 40 Road Frontage Type Paved Waterfront YN No

Interior Features

Building Area Source Estimated Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 1600

Property Features

Assessment 0 Current Use Worship Encroachment YN No Existing Lease YN No Gross Scheduled Income 0.00 Inventory Included YN No Land Contract YN No Listing Financing Cash Monthly Sales 0 Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Government OwnedShort Sale - No Possession At Close Postal City Detroit Protection Period 90 Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Government - Owned Unparsed Address 5281 Addison Street Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Rch Brokerage Legacy Inc: (248) 440-2268 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Novak & Associates | Real Estate One and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Novak & Associates | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-04T19:57:58.23.
 
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