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$ 30,000
Est. payment | /mo
6,098 Sqft Lot
$ 30,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type ImprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Waterworks (Plats)
MLS Listing ID 20250018650
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type ImprovedLand
Property Description
This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. 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. Sale contingent on buyer/seller executed development agreement. 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 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 performance and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Area05066Detmcclellaneastmacktoshore
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Natasha C Richards of Bellabay Realty Tri Counties
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