530 S COLONIAL Street Detroit, MI ^$ 599,800

530 S COLONIAL Street

^$ 599,800

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530 S COLONIAL Street

Detroit, MI, 48217

^$ 599,800

Studio Baths0.0

Monthly Estimate*

^$ 3,986

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Studio

Lots and Land for sale in Detroit, MI

for $599,800. The lot size is 1.82.

Huge almost 2 acre commercial lot, great location near commercial/industrial area, lot size is 360ft x 220ft, zoned M4 (heavy industrial), could possibly be developed into Gas Station, Retail Storefront, Medical Facility, Car Wash, Parking Structure, Medical Marijuana, Truck Repair Facility, along with many other possible uses, property is located near Marathon Gas Terminal, close to Major Highways, 1.82 acres, buyer & buyer's agent to verify all listing information, see city for exact zoning uses available, all data apx.

Lots and Land Active

Price

^$ 599,800

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 1,195

Style

Vacant Land

Lot Size

1.82

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60247502

Features

General

Possession At Close

Water Public Water Public Water at Street

Status Active Active

Subdivision OAKWOOD SUB MI

Style Vacant Land

County Wayne

Class VACANT LAND

Type Vacant Land

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Directions Corner of S. Colonial & Ormond St.

City Detroit

School District Detroit City School District

Street Name COLONIAL

Financial Terms Cash Conventional

Legal Description Property exempt from Ad Valorem taxes and assessed pursuant to PA 261 of 2003 expiring 12/30/2010. N COLONIAL 407 THRU 418 REAR LOTS 501 THRU 512 AND VAC ALLEY ADJ OAKWOOD L13 P36 PLATS

DOM 292

Postal Code 48217

Price Per Sq Ft Total 329560.44

Coming Soon Huge almost 2 acre commercial lot great location near commercial/industrial area lot size is 360ft x 220ft zoned M4 (heavy industrial) could possibly be developed into Gas Station Retail Storefront

Exterior

Frontage 360

Lot Size Area 1.82

Lot Dimensions 360 x 220

Lot Description Sidewalks

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Bill Darwich

Listing Agent

Century 21 Curran & Oberski

Broker

billdarwich1@gmail.com

Affordability Calculator

$4,086

Per Month

Monthly Principal & Interest: $3,986
Monthly Property Taxes: $100
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Detroit, MI

Average List Price ^$74,954

Percent of Sale Price 88%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/28/2023	$599,800	-7.69%	Price Down
8/17/2023	$649,800		Listed Price

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530 S COLONIAL Street, Detroit, MI, 48217 is a Lots and Land for sale at $599,800 with a lot size of 1.82. 530 S COLONIAL Street is a studio with 0.0 baths. The property's zip code is 48217 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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530 S COLONIAL Street

Lots and Land for sale in Detroit, MI

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