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In-PersonVirtual Tour
$ 5,000
Est. payment | /mo
3,484 Sqft Lot
$ 5,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240063850
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 36.00 x 91.00
Source Realcomp
Property Description
An awesome opportunity to buy land right in the historic Island view neighborhood. This location is prime for development, located within walking distance to west village shops, restaurants, and Belle Isle. 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. BATVAI 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 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. See attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take Mack Ave headed east. Pass E Grand Blvd make right onto Seyburn.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W17I010907S
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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