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$ 40,000
Est. payment /mo
Active
570 CONCORD Street Detroit, MI 48207 3736
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60199482
Style Vacant Land
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36 x 108
Property Sub-Type Vacant Land
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Mid size vacant lot perfect for your development ideas. Sale also includes 566 Concord. 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. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Community
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One-Southfield
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