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$28,000
Est. payment /mo
7,840 Sqft Lot
UPDATED:
12/23/2024 07:21 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024650
Originating Board Realcomp
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 74 x 105
Property Description
Incredible new infill development opportunity with unlimited potential. Located in the highly desired North Corktown neighborhood, the vacant land occupies a lot size of 74x105 feet and offers an opportunity to be part of the growth and excitement in this well-situated Detroit neighborhood. 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. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction N. of I-94, E. of 17th
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 100003001
Acceptable Financing Cash
Listing Terms Cash
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Listed by Bellabay Realty Tri Counties