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5,662 Sqft Lot
UPDATED:
04/18/2024 02:40 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision J W Johnstons (Also Page 33) (Plats)
MLS Listing ID 20240024332
Originating Board Realcomp II Ltd
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 47 x 118
Property Description
Zoned B4, Commercial build opportunity within walking distance from Corktown, Social District, and Ford Train Station! 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 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 Det South Of Grand River
Zoning Commercial
Direction S. of Martin Luther King & W. of I-96
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 12007548.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Natasha C Richards of Bellabay Realty Tri Counties