Detroit, MI 48216,1622 BAGLEY

$775,000

$800,000

3.1%
Est.Price: ?

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Est. payment /mo

0.52 Acres Lot


SOLD DATE : 03/26/2021

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

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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Realcomp MLS
Listed by James Tumey of O'Connor Realty
Bought with O'Connor Realty
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