Great development opportunity in the New Center Area. 3 lots to be sold together, 5287 Stanton, 2525 Edsel Ford, 5278 Stanton. Lots cannot be separated. 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
General Information
Sale Price: $99,000
Price/SqFt:
Status: Active
MLS#: rcomi20240024628
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: more than one subdivision involved
Acres: 0.1
Lot Dimensions: 41 x 110
Size:
Acreage: 0.1 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W STANTON THAT PT OF PC 473DESC AS FOLS BEG AT INTSEC OF W LINE OF STANTON AVE & S LINE OF KIRBY AVE TH S 22D 01M 17S E 41.27 FT TH S 67D 07M 43S W 110FT TH N 22D 01M 17S W 41.27 FT THN 67D 07M 43S E 110 FT TO POB 10/--- 41.27 X 110
