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$ 25,500
Est. payment | /mo
0.31 Acres Lot
$ 25,500
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251036332
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 105X128
Source Realcomp
Property Description
Discover a prime development opportunity in the heart of a rapidly growing area. This parcel is ideally zoned R3, making it perfect for your next development project. The Detroit Land Bank is actively seeking proposals for townhomes, duplexes, fourplexes, or multifamily buildings—taking full advantage of the flexible R3 zoning that offers endless possibilities in a community-focused area poised for growth. Don't miss this exceptional opportunity! 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. iof
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I002081S
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties
Nearby Locations
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