Commercial Properties for Sale in Detroit

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.
I would like to invest in a Multi Family Home to live in and rent out, but not now prices are too high. I did not know it was considered Commercial Property. I thought only buildings renting out office space was.

The most recent median value of resident-owned homes in Detroit is 50,327. An estimated 47.2 percent of households in Detroit own their homes, with an average family size of 3.52. The median household income in Detroit is 30,894, with8.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Detroit, the median commute time of resident workers is 25.9. And last, but certainly not least, are you looking for homes to rent in Detroit? If so, the average rent price paid by renters in Detroit is 824, according to recent statistics.
Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, pleaselet us know. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Because Detroit is located north of Windsor Ontario, it is the only city in the US where Canada can be viewed by looking to the south. Martin Commercial Properties, Inc. has provided tenants with a self-service web interface known as Angus AnyWhere.

There are 8 commercial real estate buildings available for sale or purchase in Detroit, MI below. To switch your search use the links above. Before applying to purchase property, please be sure that you or the organization you represent have no outstanding personal or corporate income taxes, property taxes , or blight violations . These additional documents can be digitally uploaded when filling out the Property Application Form. You are searching properties for sale in Detroit, MI. There are thousands of listings including homes, condos, townhomes, foreclosures, and new homes/new construction. View information about public schools and private schools serving in Detroit, MI, plus reference community statistics and demographics.
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.
Currently, the average size of Industrial Property available for sale in Detroit is approximately 36,447 Square Feet. The largest Industrial Property available to buy is 500,000 Square Feet and the smallest is 594 Square Feet. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc. The balance of the purchase price is due at closing either by wire transfer, certified funds, or cashier check. Before applying to purchase a property, please research its ownership status.

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.

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This site is not authorized by the New York Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. Office space with attached Warehouse with 16 ft ceilings and power security doors with roll-down garage door. Our nimble, agile team has global insight, local market expertise and access to some of the smartest tools in the industry – all at the ready to work on creating your competitive advantage. As a private company, you collaborate with empowered partners who are always invested in your success.
Vacant lots for sale on the corner of Jefferson and Pleasant. These can be petitioned to be re-zoned commercial or multifamily and currently are residential. A potential buyer should have a survey for exact boundaries. The 2016 Targeted Multifamily Housing Areas map identifies areas of the city with stronger housing markets and active commercial corridors. It is the City's policy to prioritize investment in these areas, where increasing residential density will promote walkable urban neighborhoods with access to services, transit, and employment. Developers of both market-rate and affordable housing, whether standalone or as part of a mixed-use development, are encouraged to focus in these areas.