This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. 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. Sale contingent on buyer/seller executed development agreement. 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 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 performance and effect of any tax abatements on the purchase and development financing.
General Information
Sale Price: $30,000
Price/SqFt:
Status: Active
MLS#: rcomi20250018650
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: waterworks (plats)
Acres: 0.14
Lot Dimensions: 50.00 x 125.00
Size:
Acreage: 0.14 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $100 Est. Winter Taxes: $0
Legal Description: E CADILLAC 27 WATERWORKS SUB L9 P91 PLATS, W C R 19/33 50 X 125
