Great opportunity close to thriving Grand Blvd/Midtown development. offering 9 lots. Addresses include 5387, 5381, 5373, 5367, 5359, 5353 Bangor & 4115, 4121, 4127 McGraw. This is a land-based site. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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: $99,000
Price/SqFt:
Status: Active
MLS#: rcomi20240024458
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: crains sub of lot 95 pc56 3
Acres: 0.05
Lot Dimensions: 31 x 68
Size:
Acreage: 0.05 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W BANGOR E 68 FT 34 CRAINS SUB L3 P91 PLATS, W C R 14/121 31 X 68
