Prime Corktown Development Opportunity - Bagley & 16th

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30294345
Property Subtypes: Multi-Family, Retail
Status: Pending
Gross Land Area: 29,403 SF
Sale Price: $440,000
Unit Price: $14.96 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/3/2021

Overview / Comments

1726 16th St. and 1725 16th St. also included in sale.

Release Date: June 26, 2018
Pre-Submission Conference*: July 10, 2018
Proposal Submission Deadline: August 14, 2018
Selection of Preferred Developer List: August 24, 2018
Shortlist Interviews: September 4-7, 2018
Final Selection/Recommendation: September 14, 2018

* The Pre-Submission Conference will be held at 4:00 P.M. in the 13th floor Auditorium of the Coleman A. Young Municipal Center

Please view the Marketing Package attached for more information and directions for submission.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 10006500.
Zoning: M4
Property Located Between: 16th St. and 17th St.
Legal Description: W 16TH 23-22 BLK 20 FRONT SUB OF LAFONTAINE FARM L59 P154-5 DEEDS, W C R 10/9 64.58 X 106.85 W 16TH 24 BLK 20 FRONT SUB OF LAFONTAINE FARM L59 P154-5 DEEDS, W C R 10/9 40 X 106.85 W 16TH 28 THRU 25 BLK 20 FRONT SUB OF LAFONTAINE FARM L59 P154-5 DEEDS, W C R 10/9 18,245 SQ FT
Largest Nearby Street: Bagley
Feet of Frontage: 224
Highway Access: I-96
Area Description: - Area will soon see expansive investment - Borders both Mexicantown and Corktown
Lot Frontage: 224
Lot Depth: 107
Zoning Description: M4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,263 114,879 311,897
Median Age: 33.65 34.31 34.95
Households: 3,876 47,221 120,793
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