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$ 19,891
Est. payment | /mo
6,969 Sqft Lot
$ 19,891
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230083456
Originating Board Realcomp
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 160 x 44
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Vacant corner lot primed for Development. Located in the Islandview neighborhood. This is a land-based site. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The DLBA will also consider infill development proposal for this site as well. Please note that the Detroit Land bank Authority 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Gratiot South to mack, go east to Mt. Elliot. Go South to Charlevoix
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 15000256.
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield
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