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Detroit, MI Learn More About Detroit

48206 Market info

$20,000

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  • 0.2 Acres
  • MLS# 20240024655
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Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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 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.

Property Information

Status
Active 
Address
2203 Lothrop Street 
City
Detroit 
Zip
48206 
Lot Size
0.20 
Lot Dimensions:
48 x 180 
Zoning
Residential
Water
Public (Municipal) 
Listing Date
04/15/2024 
List Price
$20,000
Subdivision
Lasalle Gardens (plats) 
County
Wayne 

School Information

School District
Detroit 

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  • Market Statistics
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  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
24000474 Canceled Active Jul 23 2024 5:03PM 210
20240024655 Active Apr 17 2024 4:41PM $20,000 375
24000474 Active Jan 2 2024 2:30PM $20,000 210
20221032760 Withdrawn Active Jan 1 2024 2:30AM 497
20221032760 Active Aug 22 2022 6:05PM $20,000 497
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Bellabay Realty Tri Counties
(248) 274-6614
Office Address 37361 Eight Mile Road

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2203 Lothrop Street Detroit
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$20,000
For Sale • Acres: 0.2 • School District: Detroit