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In-PersonVirtual Tour
$ 20,000
Est. payment | /mo
5,662 Sqft Lot
$ 20,000
Est. payment | /mo
5,662 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024332
Originating Board Realcomp
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 47 x 118
Property Description
Zoned B4, Commercial build opportunity within walking distance from Corktown, Social District, and Ford Train Station! 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 Commercial
Direction S. of Martin Luther King & W. of I-96
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 12007548.
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties