Outstanding Redevelopment or Operational Community Facility Opportunity

2415 W Forest Ave Detroit, MI 48208

Detroit
FOR SALE
Property Type:
Other Special Purpose
Amount:
Please Call Broker for Price

Last Verified:
Jun 27, 2024

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Highlights

  • 4,500 SF church with full lower-level, social hall, and kitchen
  • Centrally located in an area with significant new residential and commercial developments
  • Zoning: C-R2 Multifamily
  • Strong neighborhood development organization

Description

This property presents an excellent development opportunity in one of Detroit's most creative growing neighborhoods. Zoning is commercial and R2 Multi-Family. The building houses a large open sanctuary with a balcony overlooking the entire room. The building has a half out sub-level banquet room with windows, a kitchen, and a few small rooms that can be used as offices. Purchase includes a .11-acre lot attached to the south.

Detroit’s developing “Core City” is a hot spot for multiple commercial and residential rehab projects as well as new construction. A prolific developer in the Detroit area sees the design and planning in Core City as "exotic" enough to attract curious suburbanites and natural enough to fit in with its Detroit surroundings. Projects in the neighborhood include a law firm, advertising agency, bakery, jewelry designer, coffee roaster, commercial kitchen, and much more. New housing is mid-construction in steel hanger style, creative condominiums, and apartments. Core City is less than a mile north of Ford’s future Corktown site and immediately next door to The Woodbridge district where Wayne State University has a strong presence.

Building Size: 4500sq ft
Lot Size: 0.23 acres

Map of 2415 W Forest Ave, Detroit, MI, 48208

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.