453 MARTIN LUTHER KING JR BLVD Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48201
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 12,628 sqft
Price per Sqft $197
Subdivision Plat Of Part Cass Farm (Plats)
MLS Listing ID 20230098765
Year Built 1888
Property Sub-Type RealEstateOnly
Property Description
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.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Exterior
View Y/N No
Building
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, OwnerMayCarry, Trade1031Exchange
Listing Terms Cash, OwnerMayCarry, Trade1031Exchange
Special Listing Condition ShortSaleNo, Standard