MLS Public Remarks This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. 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. Sale contingent on buyer/seller executed development agreement. 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 performance and effect of any tax abatements on the purchase and development financing.
http://www.www.realestateone.com.com/20250018650
Township Detroit
Directions N. of Kercheval, E. of McClellan
Fin Below Grd SqFt 0
Fin Non Exposed SqFt 0
Total Fin SqFt 0
Unfinished SqFt 0
Above Grade Finished SqFt 0
Lower Level Square Footage 0
CDOM 60
Year Built 0
Days on Market 60
Land Assessment -
Improvements $30000
Net Taxes $100
Acreage 0.14
Taxes -
Tax Year -
Summer Taxes $100
School District Detroit
Winter Taxes -
Subdivision Waterworks (plats)
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 0.14
Lot Dimensions 50.00 x 125.00
WaterFrontage
0
Lot Size 0.14
Garage 0.0
Sewer Public Sewer (Sewer-Sanitary)
Zoning Multi-Family, Residential
Possession At Close
Status Change Date 03/20/2025
Listing Date 03/20/2025
Internet/IDX Y
Listing Office
Bellabay Realty Tri Counties
Office Address
37361 Eight Mile Road
Listing Number
20250018650
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Tuesday, May 20, 2025. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
