Redevelopment Opportunity (Former Marshall Upper Elementary School)

35100 Bayview St Westland, MI 48186

35100 Bayview St, Westland, MI, 48186
35100 Bayview St, Westland, MI, 48186 35100 Bayview St, Westland, MI, 48186 35100 Bayview St, Westland, MI, 48186
FOR SALE
Property Type:
Schools/Education
Amount:
Please Call Broker for Price

Last Verified:
Nov 18, 2024

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Highlights

  • Prime Location: Situated in a growing neighborhood with easy access to major highways, shopping centers, and schools.
  • Redevelopment Potential: Features a sizable lot, offering ample space for expansion or redevelopment into multi-family units or modern single-family homes.
  • Market Value: The area has seen a steady increase in property values, indicating a promising return on investment.
  • Community Amenities: Proximity to parks, recreational facilities, and public transportation enhances the property’s appeal to families and young professionals
  • Investment Incentives: Westland offers various incentives for real estate development, including tax abatements and grants for new construction and renovations.

Description

Introducing an exceptional redevelopment opportunity —a prominent 136,159 SF building located in the sought-after Westland area on 23.79 acres. This property, zoned R-5, offers ample space and versatile potential for a range of uses. With its substantial size and prime location, this property is primed for fulfilling educational or special purpose endeavors. Take advantage of the expansive building footprint and the advantageous R-5 zoning, making this property an ideal investment for those seeking a multifamily redevelopment. This is an unparalleled chance to secure a standout asset in the thriving Westland area.

Discover the community Westland, MI. This thriving area offers a strategic position within close proximity to notable landmarks and amenities, including Westland City Hall, a range of dining options such as Bar 7 & Grill and Cantoro Italian Market & Trattoria, and convenient access to major roadways like Nankin Blvd and Newburgh Rd. Future investors will find an array of local businesses and services, making this an ideal location for an office or office building investment. Take advantage of the prime positioning and promising potential of this dynamic Westland location.

Building Size: 136159sq ft
Lot Size: 19.4 acres

Map of 35100 Bayview St, Westland, MI, 48186

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.