Realtor: Tearing Down Buildings Could Help City Sell Monroe Street Property

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 06/16/2014 - 08:53

The realtor hired to market 3.5 acres of city-owned property on South Monroe Street told Saline City Council that while there has been interest in the property, developers would have higher interest if the city demolished structures on the property.

Darby Kolano, an agent with Charles Reinhart Company, appeared before city council June 2 for an update on efforts to sell 207 S. Monroe St. The city bought the property for $100,000 in 2011. The city looked at the property as a potential cemetery and also wanted the driveway easement for People’s Park. Today the city plans to hang on to the easement access to the park and hopes to sell the property to a residential developer for $275,000.

Kolano told council that a national company with experience in senior housing and assisted living housing has expressed interest in the property. She said local residential builders are interested, too.

“Their main concern is they want it ready to go,” Kolano said, suggesting developers would be more interested if the city demolished the home and barn on the property.

Council member Lee Bourgoin noted that Saline Area Schools demolished Houghton Elementary School and hopes to sell the vacant land to a developer. Bourgoin, however, said he’d prefer to have the developer take the property as-is. He said the city could include a clause in the sale agreement that holds the buyer harmless if they are unable to remove the buildings for some reason.

Councillor Linda TerHaar said she’d like to know more about costs and issues related to demolishing the structures. 

Tran Longmoore's picture
Tran Longmoore
Tran Longmoore is a veteran community journalist. He is founder and owner of TheSalinePost.com. He is co-publisher of The Saline Post weekly newspaper. Email him at [email protected] or call him at 734-272-6294.

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