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.
General Information
Sale Price: $50,000
Price/SqFt: $23
Status: Active
MLS#: rcomi20251040444
Originating MLS: Realcomp2
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.09
Lot Dimensions: 40X100
Size: 2,214 sq.ft.
Acreage: 0.09 est.
Year Built: 1960
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $5,490 Est. Winter Taxes: $6,752
