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1622 BAGLEY Detroit, MI 48216
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Key Details
Sold Price $775,000
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 40123778
Sold Date 03/26/21
Style Vacant Land
Annual Tax Amount $248
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 175.00X131.00X175.00X131.
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 Detroit (82001)
Zoning Multi-Family,Commercial,Residential
Exterior
Waterfront No
Building
Lot Description Sidewalks
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with O'Connor Realty
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