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$ 15,000
Est. payment | /mo
7,840 Sqft Lot
$ 15,000
Est. payment | /mo
7,840 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261031091
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 50X155
Source Realcomp
Property Description
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes two (2) residential parcels located at ** 272 & 268 E Grand Blvd** in Detroit's **Islandview neighborhood**. Properties must be sold together for a **total purchase price of $30,000** (**$15,000 each**), presenting an excellent opportunity for **new construction infill development** in a highly desirable and growing area.The site includes:* **268 E Grand Blvd:** approximately **50' x 155'*** **272 E Grand Blvd:** approximately **50' x 155'**Combined, the parcels offer approximately **100 feet of frontage and 155 feet of depth**, providing strong flexibility for **single-family or potential multi-unit development** (subject to zoning and City approval), consistent with neighborhood revitalization goals.The surrounding area features a mix of **occupied homes, renovations, and new construction activity**, supporting strong long-term residential demand. Located in the **Islandview neighborhood**, the property benefits from close proximity to the **Detroit River, Belle Isle, West Village, and Downtown Detroit**, along with nearby parks, schools, restaurants, and neighborhood amenities.Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawings, and documentation of prior similar projects (addresses and photos).Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold **as-is**.DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma.Buyer
Location
State MI
County Wayne
Zoning Residential
Direction East of Brush St / west of John R St
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W15I007539S
Acceptable Financing Cash
Listing Terms Cash
Listed by Atlas Properties Inc
Nearby Locations
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