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In-PersonVirtual Tour
$ 12,000
Est. payment | /mo
8,712 Sqft Lot
$ 12,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 40229962
Style Vacant Land
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 89.00X100.00
Property Sub-Type Vacant Land
Property Description
The DLBA is seeking a development proposal for the vacant commercial property on Warren. Development proposals could be for parking, new build commercial, or greenspace'. 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 abatement that are otherwise available to the selected purchaser. DLBA will review request 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. BATVAI Please see attached documents for DLBA requirements.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RCH Brokerage Legacy Inc
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