Incredible new infill development opportunity with unlimited potential. Located in the highly desired North Corktown neighborhood, the vacant land occupies a lot size of 74x105 feet and offers an opportunity to be part of the growth and excitement in this well-situated Detroit neighborhood. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
Property Type :
Land
Subdivision :
Sub Of Pt Of Stanton Farm (plats)
County :
Wayne
Style :
Land
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ByOwner last updated this listing 05/12/2024 @ 00:10
MLS: 24000487
LISTED BY: Natasha Talley, BellaBay Realty Tri-Counties
SOURCE: Michigan Regional Information Center (MichRIC)
Buyer Agency Description: The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
