DLBA-owned vacant land, new build opportunity, located in the Core City neighborhood and offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Property presents an opportunity for infill development consistent with neighborhood revitalization goals. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of… Read More Detroit Planning and Development Department (PDD). To be considered, buyer must submit a complete DLBA proposal package including: project proposal describing intended use and timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and proof of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of development pro forma and financing. Interested buyers should contact the listing broker for the application link and submission instructions. Read Less
Courtesy of Atlas Properties Inc.
Listing Snapshot
Days Online
101
Last Updated
Property Type
Vacant Land
Lot Size
0.11 Acres
MLS Number
60960633
30 Days Snapshot Of 48208
$69k
-4%
(avg) sold price
4
-33%
homes sold
87
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Water Features
Public Water
Lot
Lot size: 31X150, 0.11 acres
Property
Residential
Taxes
Total: $0
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