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 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

Commercial/Industrial

Lot Size

0.7

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60273146

Features
General
Possession At Close
Water Public Water
Status Active Active
Year Built 18
Subdivision PLAT OF PART CASS FARM (PLATS) MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Multi-Family Commercial
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions Between Cass and Second
City Detroit
Financial Terms Cash Exchange/Trade
Legal Description S MYRTLE 10-11 BLK 87--PLAT PT CASS FARM L1 P172 PLATS W C R 2/72 100 X 190
DOM 865
Postal Code 48201
Price Per Sq Ft Total AG 197.97
Public Remarks Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry
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Exterior
Exterior Brick Stone
Frontage 170
Lot Size Area 0.7
Lot Dimensions 100.00 x 190.00
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Jerome Dixon

Listing Agent

Signature Sotheby's International Realty Bham

Broker

jerome@residentialrome.com

Email

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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2023$2,500,000 Listed Price

Map


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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. The property's zip code is 48201 which is in Detroit, MI