$775,000
$800,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
1622 BAGLEY Detroit, MI 48216
0.52 Acres Lot
Key Details
Sold Price $775,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Beechers Luther
MLS Listing ID 2200094127
Sold Date 03/26/21
Originating Board Realcomp II Ltd
Annual Tax Amount $248
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 175.00X131.00X175.00X131.00
Property Description
Great development opportunity in the heart of Corktown, one of Detroit’s most desirable and walkable neighborhoods, and close to all the neighborhood hotspots. The site has 175 feet of Bagley frontage between Trumbull and Rosa Parks. Located just a short walk to the iconic train station, undergoing a $350 million renovation by Ford Motor Company, two blocks from the new $45-million Godfrey hotel development, and three blocks from the $30 million mixed-use development at former Tiger Stadium. Half mile from the Detroit Riverfront. Close proximity to all major freeways. The property is 23,000 square feet, zoned B2 and approved for mixed-use development. Corktown demands high rents and sale comps, with rental comps up to $2.50/square foot, and condo comps up to $450/square foot.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Commercial,Multi-Family,Residential
Direction on Bagley east of 10th street
Exterior
Waterfront no
Road Frontage Pub. Sidewalk
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID W08I000389S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with O'Connor Realty