1540 Saint Clair St, Detroit, MI 48214

Property Description

Rare opportunity to restore and reimagine this historic brick two-family property in Detroit's vibrant East Village neighborhood. Built in 1911, this approximately 2,382-square-foot structure offers substantial space and character for investors, developers, or owner-occupants seeking a renovation project. Located just minutes from Detroit's riverfront, the Belle Isle Park area, and the growing retail and dining destinations along Kercheval Avenue, East Village continues to attract investment and revitalization. The neighborhood features a mix of historic architecture, community development initiatives, convenient access to downtown Detroit, and proximity to major transportation corridors. Property is being sold as-is. Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.