18572 Binder Street
Detroit, MI 48234
$7,100
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Single story Brick building offered by the Detroit Land bank Authority. Good location. In a very well to do neighborhood. Needs extensive rehabilitation. Please take caution when showing. 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 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

http://gkelley.realestateone.com/2210011118
Eugene Kelley II
29100 Northwestern Hwy. Suite 110
Southfield, MI 48034
Mobile: 248-506-1257
Direct: 248-506-1257
[email protected]
https://gkelley.realestateone.com
 
Property Details
Status: Active
Listing Date 02/23/2021
County: Wayne
Acreage: 0.28
Lot Dimensions: 90.00X133.00
Price/SqFt: $3
Zoning: Residential
Current Use: Vacant
Water: Public (Municipal)
Sub Property Type: Commercial
Possession: At Close
Total Finished SqFt: 2,500
Above Grade Finished SqFt 2,500
Year Built: 9999
Heating: Forced Air, Natural Gas
 
Listing Office: Southfield
Office Address: 29100 Northwestern Hwy.
Listing Number: 2210011118
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