Welcome to the latest offering from the Detroit Land bank authority. Vacant lot in Historic North Corktown area. This is a residential infill development site. 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. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. 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/or 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 proforma and effect of any tax abatements on the purchase and development financing.
General Information
Sale Price: $28,000
Price/SqFt:
Status: Active
MLS#: rcomi20221069660
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: godfroy farm sub pc 726 b et howard & marquette
Acres: 0.07
Lot Dimensions: 21.00 x 145.00
Size:
Acreage: 0.07 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E FOURTEENTH N 21 FT 182 PLAT OF SUB OF PT GODFROY FARM L1 P293 PLATS, WCR 10/32 21 X 145
