Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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.
General Information
Sale Price: $30,000
Price/SqFt:
Status: Active
MLS#: rcomi20240024668
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: mc gregors (plats)
Acres: 0.37
Lot Dimensions: 120 x 133
Size:
Acreage: 0.37 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: S VIRGINIA PK 181-182-183 MCGREGORS SUB L30 P39 PLATS, WCR 8/116 120 X 133
