2203 LOTHROP Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024655
Originating Board Realcomp
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 48 x 180
Property Description
Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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. 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
Area Wayne County - 100
Zoning Residential
Direction N. of W. Grand Blvd., W. of 14th.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 10001083.
Acceptable Financing Cash
Listing Terms Cash