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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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453 Martin Luther King Jr Boulevard , Detroit, MI 48201
$2,500,000
Est. Payment: $5,555.56/mo
0 Bed
0 Bath
12628 Sqft
Status: Active | Days on site: 134
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190803 - 380703
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Jerome Dixon , 248-804-3381 Signature Sotheby's International Realty Bham , 248-644-7000.

Property Type

Commercial Sale
Lot/Acreage
0.7

Year Built

1888

County

Wayne

 School District

Detroit

Listing ID

20230098765

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$5,556
Taxes
$3,421

Home Price

$2,500,000

Loan Details

30 yrs
%

Down Payment

20%
$500,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,555.56 $3,420.75 $0.00 $8,976.31
Yearly $66,666.67 $41,049.00 $0.00 $107,715.67
Total $2,000,000.00 $1,231,470.00 $0.00 $3,231,470.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.