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1627 W LAFAYETTE Boulevard - We are is pleased to offer 1627 West Lafayette Boulevard, a prime located development opportunity in Corktown, Detroit. 1627 West Lafayette consists of a 19,000 SF architecturally significant all brick building, built in 1926 with approved plans to build a 7 story building. Approval for special use permit of residential and commercial use. Existing 12 year tax freeze starting in 2018 with the OPRA tax credit (includes addition of 5 stories). The portfolio also includes 1551 West Lafayette, a 16,000 SF lot with an existing 2,000 SF building and 1626 West Fort Street, a 6,175 lot. Building Highlights: Opportunity Zone , Plans for 7 Story Development, 12 Year OPRA Tax Credit

Listing information

  • MLS® ID: 219018377
  • Status: Active
  • Foreclosure: No
  • Lot Size: 0x0x0x0
  • Subdivision: Woodbridge Farm As Divided By Cmrs (Also P147 Plt)
  • Style: Commercial
  • Stories: 2
  • Total Square Footage: 22,000 ($204.55 per sq. foot)
  • County: Wayne
  • Year Built: 1926
  • New Construction: No
  • Lot Area: 0.21 Acres
  • School District: Detroit

Features

Architecture Level 2 Story
Commercial Type Apartments, Commercial, Industrial, Real Estate Only
Construction Materials Brick
Foundation Details Basement
Foundation Materials Brick
Heating Other
Heating Fuel Natural Gas
Other Assessment - 100, Current Use - Redevlopment, Inventory Included YN - 0, Inventory List YN - 0, Legal Rental Certified YN - 0, Operating Expense - 0.00, Restrictions YN - 0, Sqft Office - 0, Tax Amount Summer - 6144.0000, Tax Amount Winter - 0.0000
Ownership Status Private Owned, Short Sale - No
Road Frontage Type Class A, Class B, Class C, Class D
Sewer Sewer-Sanitary
Water Source Municipal Water
Zoning COMMERCIAL, Multiple, Office, Residential
Provided through IDX through Realcomp II Ltd, via CENTURY 21 Town & Country. Courtesy of O'connor Realty and Realcomp Ii Ltd. Copyright 2019 Realcomp II Ltd. Shareholders