453 Martin Luther King Jr Boulevard Detroit, MI $ 2,500,000
453 Martin Luther King Jr Boulevard
$ 2,500,000
New Construction
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453 Martin Luther King Jr Boulevard

Detroit, MI, 48201
$ 2,500,000
Baths0.0 Sq 12,628

Monthly Estimate*

$ 16,616

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Studio

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

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 41,049

Style

Lot Size

0.7

Year Built

1888

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230098765

Features
General
Sewer Public Sewer (Sewer-Sanitary)
Possession At Close
Zoning Commercial Multi-Family
Year Built 1888
Property Type Commercial
Subdivision Name PLAT OF PART CASS FARM (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick Stone
Cumulative Days on Market 427
MLS Area Det: Livernois-I75 6-Gd River
Directions Between Cass and Second
City Detroit
Terms Offered Cash Owner May Carry(Purchase Money Mortgage) Trade/Exchange
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name MARTIN LUTHER KING JR
Assessment 1600.00
Total Sq Ft 12628
DOM 305
Taxes 41049.0000
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
Waterfront 0
Lot Size Area 0.70
Water Source Public (Municipal)
Lot Size Dimensions 100.00 x 190.00
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Interior
Street Suffix Boulevard
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Internal Only
Originating MLS Realcomp II Ltd
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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

$20,037
Per Month
83%
17%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$3,421
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
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 is a studio with 0.0 baths and was built in 1888. The property's zip code is 48201 which is in Detroit, MI