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$70,000
Est. payment /mo
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024479
Originating Board Realcomp
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30 x 100
Property Description
Great infill build opportunity in Southwest Detroit. Sale includes the following addresses; 8028, 8034, 8040, 8044, 8050, 8056, 8062 Cahalan. 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 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 Wayne County - 100
Zoning Residential
Direction Vernor & Springwells
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 20003570.
Acceptable Financing Cash
Listing Terms Cash
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Listed by Bellabay Realty Tri Counties