2515 MELDRUM Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48207
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240073906
Originating Board Realcomp
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30.00 x 137.00
Property Description
This newest listing is offered by the Detroit Land Bank. This residential vacant lot is located in the Islandview neighborhood. Located minutes from the hustle and bustle of Downtown Detroit. 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction South of Charlevoix Street, East of Mt Elliott St
Exterior
Waterfront No
View Y/N No
Others
Tax ID W15I013778S
Acceptable Financing Cash
Listing Terms Cash