$ 8,500
3560 16TH Street Detroit, MI 48208
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$ 8,500
Est. payment | /mo
4,356 Sqft Lot
$ 8,500
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Sub Of Pc 44 (Also Pg 3) (Deeds)
MLS Listing ID 20240024998
Originating Board Realcomp II Ltd
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40.00 x 107.00
Property Description
Great build opportunity located within walking distance of Detroit's Corktown, social district, and the newly renovated Ford train station. This property is surrounded by some newer built homes where values are on the rise! 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 Detroits 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Direction Martin Luther King & 16th
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID W10I006040S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Natasha C Richards of Bellabay Realty Tri Counties