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In-PersonVirtual Tour
$ 20,000
Est. payment | /mo
6,534 Sqft Lot
$ 20,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240002081
Originating Board Realcomp
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 60 x 105
Property Description
This property is sold with 2675 Hendricks. Totaling 9,450 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. 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. BATVAI 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction Head east on Vernor pass Gratiot. Make left onto Chene. Make right onto Hendricks, property on the left.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 11001082.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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