453 MARTIN LUTHER KING JR Boulevard Detroit, MI $ 2,500,000
453 MARTIN LUTHER KING JR Boulevard
$ 2,500,000
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453 MARTIN LUTHER KING JR Boulevard

Detroit, MI, 48201
$ 2,500,000
Bedrooms-- Baths-- Sq 12,628

Monthly Estimate*

$ 15,597

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Commercial Property for sale in Detroit, MI

for $2,500,000. This 12,628 square foot building was built in 1888 on a lot size of 0.7.

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.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 41,049

Style

RealEstateOnly

Lot Size

0.7

Year Built

1888

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230098765

Features
General
Sewer PublicSewer
Possession AtClose
Construction Materials Brick Stone
Year Built 1888
Property Subtype RealEstateOnly
Current Use Vacant
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name PLAT OF PART CASS FARM (PLATS)
Garage Y/N N
Status Active
Directions Between Cass and Second
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 41049.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 458934
TaxOtherAnnualAssessmentAmount 1600.0
Expected Active Date 2023-11-20
Legal Description S MYRTLE 10-11 BLK 87--PLAT PT CASS FARM L1 P172 PLATS W C R 2/72 100 X 190
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Exterior
Water Source Public
Lot Size Area 0.7
Spa N
Building Area Total 12628.0
Lot Dimensions 100.00 x 190.00
Lot Size Acres 0.7
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 12628.0
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Internal Only
Street Number 1 453
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* Excluded Features
List By
Jerome Dixon

Listing Agent

Signature Sotheby's International Realty Bham

Broker

(248) 804-3381

Phone

Affordability Calculator

$19,017
Per Month
82%
18%
0%
Monthly Principal & Interest
$15,597
Monthly Property Taxes
$3,421
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2023$2,500,000 Listed Price

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453 MARTIN LUTHER KING JR Boulevard, Detroit, MI, 48201 is a Commercial Property for sale at $2,500,000 with 12,628 sqft and a lot size of 0.7. 453 MARTIN LUTHER KING JR Boulevard was built in 1888. The property's zip code is 48201 which is in Detroit, MI