8 lots with over 35,000 square feet offered, so bring hard hat and your imagination. This land offers a prime opportunity, situated close to Corktown and downtown Detroit, making it an attractive investment for the right buyer. Addresses include 3539, 3555, 3533, 3545, 3549, 3561, 3567, 3573 Lovett for a total of $120,000 . 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 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. Please refer to DLBA proposal guidelines.
General Information
Sale Price: $120,000
Price/SqFt:
Status: Active
MLS#: rcomi20250023681
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: scotten & lovetts sub (plats)
Acres: 0.1
Lot Dimensions: 30 x 146
Size:
Acreage: 0.1 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W LOVETT 202 SCOTTEN & LOVETTS SUB L3 P2 PLATS, W C R 14/62 30 X 146