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In-PersonVirtual Tour
$ 25,000
Est. payment | /mo
4,791 Sqft Lot
$ 25,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251061396
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 31.5X153.27
Source Realcomp
Property Description
This property is listed in a bundle with the following contiguous parcels and must be sold together: 1251 Concord and 1245 Concord. These must be purchased together and cannot be split. Zoned residential, the property provides excellent potential for a new build/infill development opportunity. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects:(include addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the 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. Please note that the 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 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.
Location
State MI
County Wayne
Zoning Residential
Direction St Paul to Concord
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W15I011752S
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes
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