1627 W LAFAYETTE Boulevard $4,150,000

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    1627 W LAFAYETTE Boulevard Detroit, MI 48216

    • 22,000 sq.ft.
    • 0.21 Acres
    • Commercial
    MLS# 219018377 | Active

    $4,150,000

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    Days On Market: 102 22 Views
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    Property Details

    We are is pleased to offer 1627 West Lafayette Boulevard, a prime located development opportunity in Corktown, Detroit. 1627 West Lafayette consists of a 19,000 SF architecturally significant all brick building, built in 1926 with approved plans to build a 7 story building. Approval for special use permit of residential and commercial use. Existing 12 year tax freeze starting in 2018 with the OPRA tax credit (includes addition of 5 stories). The portfolio also includes 1551 West Lafayette, a 16,000 SF lot with an existing 2,000 SF building and 1626 West Fort Street, a 6,175 lot. Building Highlights: Opportunity Zone , Plans for 7 Story Development, 12 Year OPRA Tax Credit

    • General Features
      • County Or Parish Wayne
      • Settlement City
      • Subdivision WOODBRIDGE FARM AS DIVIDED BY CMRS (ALSO P147 PLT)
      • Commercial Type Apartments, Commercial, Industrial
      • Current Use Redevlopment
      • Lot Size Area 0.21
      • Zoning Commercial, Multiple, Office, Residential
      • Ownership Status Private Owned, Short Sale - No
      • Originating MLS Realcomp II Ltd
      • Year Built 1926
      • Sqft Total 22,000
      • Operating Expense $0
      • Net Operating Expense $0
      • Gross Scheduled Income $0
      • Tax Amount - Summer 6144.0000
      • Tax Amount - Winter 0.0000
    • Building Features
      • Foundation Details Basement
      • Construction Materials Brick
      • Sqft Office 0
    • Property Features
      • Frontage Feet 1
      • Lot Size Dimensions 0x0x0x0
      • Water Source Municipal Water
      • Sewer Sewer-Sanitary
    • Schools
      • School District Detroit

    Contact

    Dan Mullan

    Sales Associate

    RE/MAX Classic-Commercial Division

    Office: 248-348-3000

    Neighborhood

    48216 (Detroit) Demographics

    34Median Age
    2,524Population Density (per sq. mile)
    25%College Educated
    $23,160 Estimated Median Income
    784Estimated Total Home Owners
    1,530Estimated Total Renters
    34% / 66%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    5,600Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    6 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,150,000
        5/2/2019 10:42:12 PM Price Reduced Source New Value: $4,150,000 -7.78%
        3/5/2019 5:42:00 PM New in Database Source New Value: $4,500,000

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        Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for 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. Copyright 2019 Realcomp II Ltd. Shareholders.