North Corktown development opportunity. Located a few minutes from Motor City Casino. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Buyer agent to confirm details. *Includes 1547 and 1559 Elm.
94 days
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54
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2
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Zillow last checked:
Listing updated:
Listed by:
Catina Willis734-506-0076,
Next Level Realty & Investments734-506-0076
Source: Realcomp II,MLS#: 20261034820
Facts & features
Interior
Features
Has basement: No
Has fireplace: No
Property
Lot
Size: 6,969 Square Feet
Dimensions: 60 x 115
Details
Parcel number: W08I000760S
Zoning description: Residential
Special conditions: Government Owned,Short Sale No