Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Property Details
Price:
$10,000
MLS #:
20221067394
Status:
Active
Beds:
0
Baths:
4
Type:
Single Family
Subtype:
Multi Family
Subdivision:
LAMBRECHT KELLY & COS GRAND RIVER TERMINALPLATS
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
Listed Date:
Dec 13, 2022
Finished Sq Ft:
3,584
Lot Size:
3,920 sqft / 0.09 acres (approx)
Year Built:
1918
See this Listing
Schools
School District:
Detroit
Interior
Bathrooms
4 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Colonial
Construction Materials
Brick
Financial
Map
Community
- Address8773 PETOSKEY AVE Detroit MI
- SubdivisionLAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS)
- CityDetroit
- CountyWayne
- Zip Code48204
Market Summary
Current real estate data for Single Family in Detroit as of Oct 22, 2025
3,429
Single Family Listed
112
Avg DOM
83
Avg $ / SqFt
$151,098
Avg List Price
Property Summary
- Located in the LAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS) subdivision, 8773 PETOSKEY AVE Detroit MI is a Single Family for sale in Detroit, MI, 48204. It is listed for $10,000 and features 0 beds, 4 baths, and has approximately 3,584 square feet of living space, and was originally constructed in 1918. The current price per square foot is $3. The average price per square foot for Single Family listings in Detroit is $83. The average listing price for Single Family in Detroit is $151,098. To schedule a showing of MLS#20221067394 at 8773 PETOSKEY AVE in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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