$50,000 for Sale
11850 e mcnichols road, detroit, MI 48205
Property Description
Commercial Building Opportunity in LaSalle College Park Neighborhood – Detroit Land Bank Owned. Fantastic opportunity to restore this commercial building property in the LaSalle College Park neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
General Information
Sale Price: $50,000
Price/SqFt: $23
Status: Active
MLS#: 20251040444
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.09
Lot Dimensions: 40X100
Size: 2,214 sq.ft.
Acreage: 0.09 est.
Year Built: 1960
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $5,490
Est. Winter Taxes: $6,752
Est. Winter Taxes: $6,752
Map

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2026 Realcomp II Ltd. Shareholders Listing By: Erick Monzo of Keller Williams Realty-Great Lakes, Phone: (586) 541-4000





