Detroit, MI Industrial Land for Sale

You will then be able to use the zoning portal tool to confirm which uses are permitted at that property. Generally, the City does not sell property if the proposed use does not comply with the zoning code. However, if you think that your proposed use of the property is a good fit for the location despite possible nonconformance with the zoning code, please apply using Commercial Buildings for Sale the Property Application and note the potential zoning issue. Proper zoning approvals for the proposed use will need to be in place prior to closing. So how do you take this property that's underperforming but has potential and bridge the gap to a great property? Interest rates with a bridge loan are little high than conventional loans and they last from months.
His son George left grade school to work with cement crews. Later he expanded his skills and began constructing not only commercial buildings but also hundreds of semi-custom homes from Detroit to Ypsilanti, before the depression and following World War II. In the 1880s a young Thomas Duke left Nova Scotia for Detroit, tools in hand. He set about using them to construct commercial buildings, like the Detroit Sanitarium, in a city fast expanding with new manufacturing and business. This retail space is located in a bustling area of Woodward Avenue and 8 Mile Rd that borders Ferndale.

Its principal office is located at Von Karman Ave, Suite 400, Irvine, California USA. A land-based project uses land for urban agriculture, gardening, beautification, and other productive uses, whether for-profit or as a community-based activity. Learn more about Land-Based Projects and how to successfully complete one here. © 2022 Century 21 Real Estate LLC. All rights reserved. Each office is independently owned and operated. Listing information is deemed reliable but is not guaranteed accurate.
Free-Standing – • Well appointed 2,600 SF industrial building ? The City of Detroit and partners offer a range of financial support from public subsidy, low-interest loan opportunities and other financing tools for all types of development. The DLBA created the Community Partner Program to encourage faith and community-based organizations to help stabilize and transform their neighborhoods. Previously-approved Community Partners interested in purchasing DLBA-owned property should use the Property Application and indicate their status as a Community Partner. To learn more about the Community Partner Program and to apply to become a Community Partner, visit the DLBA's website.

Strategically positioned in the very center of Detroit’s revitalized business, cultural, sports, and entertainment districts, The Penobscot is perfectly suited to satisfy a diverse range of corporate needs. Buyers seeking certain tax abatements or lot combinations that conflict with the land bank’s 5/50 tax capture may have to make an additional payment to the DLBA. Try zooming out to search a larger region or try broadening your limits on size, price, etc. This map is refreshed with the newest listings matching zoned commercial in Detroit every 15 minutes. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members.
The newly renovated buildings are highly visible and are located on the major and busy arteries of West Vernor Highway and Michigan Avenue. West Vernor has been called “the city’s most viable commercial street” by the Detroit Free Press. The Michigan Avenue corridor is in the midst of an exciting redevelopment and renaissance. We have the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start receiving custom property alerts today. A few days ago, we showed you a very visible, recognizable mixed-use property for sale, located on Grand River in Woodbridge.
As the nation’s leading site to list and find commercial properties for free, we are your ‘go to’ source for all things commercial real estate in Detroit, MI! MyEListing provides comprehensive demographic reports for all commercial listings in Detroit, and the opportunity to take advantage of our vast and growing comp software, all free for both real estate buyers and sellers. MyEListing provides comprehensive demographic reports for all listings in Cedar Park, and the opportunity to take  advantage of our vast and growing comp software, all free for real estate buyers and sellers.

In fact, we have is a mandatory training for our students called How to Become an Expert in Your Market. It’s a training on how to make good investment decisions in commercial real estate. There are benchmarks you have hit to say yes or no on a deal in a certain market. TRIA, will expire at the end of 2014 unless Congress reauthorizes it once again.
Showing 103 Commercial Real Estate listings currently available for sale near the West Side Detroit area of Detroit, Michigan. The best way to start the process of applying to purchase publicly-owned property is by filling out an application here. The same application form is used by both the City of Detroit and the Detroit Land Bank Authority. You may apply to purchase any property owned by the City or the DLBA, even if it is not marketed for sale.

Watch these videos below for more details on how to purchase these properties. Sign up today because the best tax deals might disappear as soon as tomorrow. These one-in-a-lifetime real estate deals are that good. Be sure to act fast and be persistent because the best tax deals might disappear as soon as tomorrow. In order to save a search you first need to  create a profile.
Welcome to the Commercial and Investment Multiple Listing Service Detroit, Michigan homepage. This CIMLS.com page features for sale commercial real estate properties in the city of Detroit and the state of Michigan. CIMLS.com provides you with access to billions of dollars of properties for sale and for lease across the nation from multifamily, retail, office to industrial, healthcare and land. Investment specialists conduct business within the Detroit MSA and throughout the Midwest. The  office also offers loan origination services through Marcus & Millichap Capital Corporation representatives. The Detroit office of Newmark offers a full range of real estate services to property owners, tenants and investors throughout Southeastern Michigan.
How a traditional lender will evaluate your deal once you send them the property information is starting to change. They are getting stricter with loan approval, which means they're tightening their underwriting. Across the country banks are being more cautious because of the banking crisis. This will impact commercial real estate investing because banks will be more cautious on what kinds of deals they approve for financing. As a result, investors will need to do more creatively financed deals. That means seller financing using a master lease agreement, seller carry first mortgage, seller carry second, contract for deed, or an installment sale.