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Arterra Realty - The fastest growing real estate company in Michigan

  • Price$5,500,000
  • SQ. Feet18,826
  • Acres0.21
  • Built1926

1627 W Lafayette Blvd, Detroit

Prime development project located in Corktown and in the opportunity zone. Existing 12 year tax freeze starting in 2018 with the OPRA tax credit includes the addition of 5 more floors. Approved special use permit allows both residential and commercial use. Three parcels included, 1627 W Lafayette primary building existing 20k sq ft with the approval to go up to 7 stories, 1626 W Fort St. 6,175 parcel for parking & 1551 W Lafayette a 16,552 sq ft parcel with an existing 2k sq ft building for a potential parking structure location. Right down the street from the Assemble a Bedrock development consisting of retail, office and residential space. Blocks away from the West Riverfront development a 22 acre site set to undergo a 200 Million dollar revitalization. Major developments happening in Corktown close by include the new Ford HQ in the Grand Central Station, Elton Park, The Corner. Property sold AS IS BATVAI.

Essential Information

  • MLS® #218117690
  • Price$5,500,000
  • Total Sq. Ft18,826
  • Acres0.21
  • Year Built1926
  • TypeCommercial
  • Sub-TypeCommercial
  • StatusActive

Interior

  • HeatingOther

School Information

  • DistrictDetroit

Listing Details

  • Listing OfficeReal Estate One-W Blmfld

Community Information

  • Address1627 W Lafayette Blvd
  • Area05101-Det South Of Grand River
  • SubdivisionWOODBRIDGE FARM AS DIVIDED BY CMRS (ALSO P147 PLT)
  • CityDetroit
  • CountyWayne
  • StateMI
  • Zip Code48216

Exterior

  • ExteriorBrick
  • FoundationBasement, Slab

Additional Information

  • ZoningCommercial, Residential
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