$ 85,000
35 EDISON Street Detroit, MI 48202
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$ 85,000
Est. payment | /mo
0.66 Acres Lot
$ 85,000
Est. payment | /mo
0.66 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230054342
Originating Board Realcomp
Lot Size 0.660 Acres
Acres 0.66
Lot Dimensions 144 x 200
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Calling all developers! Over 28,000 square feet of vacant land in the heart of historic "Boston Edison" District. Huge 144 x 200 sqft. space zoned residential, just a stone's throw from New center and mere minutes from downtown. 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
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Woodward south past chicago to edison go west
Exterior
Waterfront No
View Y/N No
Others
Tax ID 02001696.
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield