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453 Martin Luther King Jr

Detroit, MI 48201
  • $2,500,000
  • STATUS: Active
  • ON SITE: 444 Days
  • MLS #: 20230098765
$2,500,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,628
    SQFT
  • $198
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired. Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion. In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators. Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-06T23:49:25.97.
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453 Martin Luther King Jr Detroit, MI 48201

  • Price: $2,500,000
  • Status: Active
  • On Site: 444 Days
  • MLS #: 20230098765
0
Beds
0
Baths
0
½ Baths
0.7
Acres
12,628
SQFT
$198
$/SQFT
Neighborhood:
Plat Of Part Cass Farm (Plats)
County:
Wayne
Area:
Detroit (82001)
Property Description
Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired. Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion. In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators. Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.
Exterior Features

Exterior Construction BrickStone Frontage 170 Lot Size 100.00 x 190.00 Roads Paved Street Waterfront YN No

Interior Features

Basement YN No

Property Features

Assessments Amount 1600 Assessments YN Yes Commercial Type Commercial/Industrial Financial Terms CashExchange/Trade Lease YN No Municipality Detroit Occupant Jerome Dixon Ownership Private SEV 625400 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 36931 Taxable Value 458934 Total Tax Amount 41049 Water Public Water Winter Tax Amount 4118 Zoning CommercialMulti-Family

Listing courtesy of Signature Sotheby's International Realty Bham : 248-644-7000.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-06T23:49:25.97.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507