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$ 10,500
Est. payment | /mo
5,227 Sqft Lot
$ 10,500
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261044018
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40X124.75
Source Realcomp
Property Description
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Offering includes four (4) residential parcels located at **48, 56, 64 & 72 Woodland St** in Detroit's **Gateway Community**. **Total Asking Price: $52,000 ($13,000 per parcel).** Properties must be sold together.Each parcel measures approximately **40' x 125'**, providing a combined frontage of approximately **160 feet**. Excellent opportunity for **new construction residential development** (subject to zoning and City approval) in an area experiencing ongoing investment and revitalization.Conveniently located near **Woodward Ave, Midtown, New Center, Downtown Detroit, Wayne State University, Henry Ford Health, and Detroit Medical Center**.Buyer must submit a complete DLBA proposal package including project description, development timeline, proof of funds, site plan/concept drawings, and documentation of prior similar projects.Sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements. Property sold **as-is**. DLBA retains the right to tax recapture for five (5) years following transfer. A rare opportunity to acquire four contiguous residential parcels in Detroit's growing Gateway neighborhood.
Location
State MI
County Wayne
Zoning Residential
Direction E of Woodward Ave, S of E Grand Blvd.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W01I003630S
Acceptable Financing Cash
Listing Terms Cash
Listed by Atlas Properties Inc
Nearby Locations
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