MLS # 20261047847 (Realcomp)

A developer’s opportunity for immediate cashflow + vacant land for redevelopment - in burgeoning Corktown - adjacent to the central business district and Riverfront. The package is made of three separate pieces: (1) Triangle-shaped vacant land to the north (1500 6th); (2) a brick 4-unit, occupied, newer roof and boiler, all electrical and plumbing updated, additional upside to finish a former basement apartment, and includes the vacated Labrosse St (1450 6th) and (3) vacant land to the south of the structure (1440 6th). This location is in close proximity to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Half a block south on 6th street, two vacant office towers and multiple lots are being redeveloped into hotel, residential and retail. The offering is a half acre and combined under tax ID 06004564-743. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes. Additional photos available upon request. Located in an NEZ-New/Rehab district (property tax abatement), and an Opportunity Zone.
Source: SparkMLS
This 4-bath home built in 1906 sits in Central Business District in Detroit.
Asking $1,399,000.
Estimated annual property tax: $492, or about $41 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
E SIXTH W 40 FT ON S LINE BG W 5 FT ON N LINE OF 6 N 84 FT OF 7 AND VAC LABROSSE ST ADJ BLK 53 LABROSSE FARM W 57.07 FT ON S LINE BG W 21.21 FT ON N LINE OF LOTS 10 & 11 TRIANG PT OF 9 BG W 15.12 FT ON S LINE & S 56.02 FT ON W LINE BLK 55 LABROSSE FARM L13 P85 DEEDS, W C R 6/6 16,366 SQ FT
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1450 6th Street, Detroit, MI 48226
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Neighborhood
Central Business District
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Community
Detroit
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County
Wayne County
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