Detroit, the place for cheap commercial property

[zstyles]

Just for fun I did a search on property, commercial in Detroit, this is an eye opener, I know the city is pretty much in the toilet but even the land these buildings sit on has to be worth more(if nothing else long term) than what is going on with these prices...crazy

Example: 2 story 30,000 Sq Ft Building Unlimted Use Options - $29,000

http://www.loopnet.com/Michigan/Detroit-Commercial-Real-Estate/

[Conan71]

If all you want is a place to park your money for a very long time, Detroit is it.

[Gaspar]

I bet if you ask the real estate agent for a tour it will be necessary for him/her to coordinate a military escort.

[RecycleMichael]

I have a friend in Ann Arbor who now owns a hundred houses in one small neighborhood in Detroit. The bank kept loaning her money. She has spent less than $500,000 and just has to fix up one house and sell it each month to make the payments. It is crazy.

[davideinstein]

Buy low...

[guido911]

If all you want is a place to park your money for a very long time, Detroit is it.

Are you talking about an eternity?  Seriously what can lead anyone to see this city turning around in the next 10 years?

[Conan71]

Are you talking about an eternity?  Seriously what can lead anyone to see this city turning around in the next 10 years?

Why massive gubmint deficit spending, silly!

If Obama were from Detroit rather than Kenya er Oahu er um Chicago, I'm sure the renaissance would already be underway.

[guido911]

Why massive gubmint deficit spending, silly!

Duh. I sometimes have my head so far up by hoss I cannot think straight. 

[Hoss]

Is there a shyster/ambulance chaser spouting off again?...oh, it's sounds like flatulence so it must be!

[Red Arrow]

Are you talking about an eternity?  Seriously what can lead anyone to see this city turning around in the next 10 years?

A nuclear strike by North Korea.

[guido911]

A nuclear strike by North Korea.

There's that too.

[sauerkraut]

The catch is the high taxes, the taxes will eat ya up. As for homes, Metro Detroit has many cheap soild brick homes for pennies on the dollar, but prop. tax is sky high.