Welcome to the latest offering from the Detroit Land Bank Authority. Prime lot located in North Corktown ready for development. 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
General Information
Sale Price: $48,263
Price/SqFt:
Status: Active
MLS#: 20230052403
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: cabacier farm sub plat of sub pt blk 4 pc 227
Acres: 0.22
Lot Dimensions: 50.00 x 187.00
Size:
Acreage: 0.22 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W TWELFTH E 187 FT 42 SUB OF PT OF BLK 4 CABACIER FARM L1 P244 PLATS, W C R 8/48 50 X 187
