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.
General Information
Sale Price: $15,000
Price/SqFt:
Status: Active
MLS#: 2210075180
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: jefferson park land co ltd no 1 (plats)
Acres: 0.2
Lot Dimensions: 89.00X100.00
Size:
Acreage: 0.2 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: N WARREN E 721 THRU 724 JEFFERSON PARK LAND CO LIMITED SUB NO 1 L50 P78 PLATS, W C R 21/755 89 X 100
