$ 5,000
16815 LOG CABIN Street Highland Park, MI 48203
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$ 5,000
Est. payment | /mo
3,049 Sqft Lot
$ 5,000
Est. payment | /mo
3,049 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Log Cabin Heights Sub (Plats)
MLS Listing ID 20230030735
Originating Board Realcomp II Ltd
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30 x 100
Property Description
Vacant Land located in the highly desired Martin Park neighborhood. Lot size is 30 ft x 99 ft. Addresses included in subject listing are: 16815, 16801, 16825, 16809, 16821. Total price is $25,000. 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 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.
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 Highland Park
Zoning Residential
Direction South of W McNichols Rd and West of Hamilton Ave
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 08009567.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes