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$35,651
Est. payment /mo
0.86 Acres Lot
UPDATED:
02/07/2024 10:46 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Emerson Park (Plats)
MLS Listing ID 20240007161
Originating Board Realcomp II Ltd
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 228.00 x 164.00
Property Description
Welcome to the latest offering from the Detroit land Bank authority. over 37,000 sq ft of commercial space waiting for your development ideas located in the Franklin Park subdivision. This is a land-based site. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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.
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.
Location
State MI
County Wayne
Area Det: Joy-Schoolcraft Grnfld-Limi
Zoning Commercial
Direction Southfield fwy to plymouth follow service drive to weaver
Exterior
Road Frontage Paved
Building
Sewer Sewer at Street
Water Water at Street
Schools
School District Detroit
Others
Tax ID W22I068254S002L
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
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©2024 Realcomp II Ltd. Shareholders
Listed by Gene Kelley II of Real Estate One-Southfield
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