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Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Kochs Sub (Plats)
MLS Listing ID 2200064483
Property Sub-Type UnimprovedLand
Property Description
Great property for infill building located in Detroit's bustling North End neighborhood. This property is within walking distance to the Q-Line and New Center Area. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. The tax capture may be incompatible with tax abatement 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 abatement on the purchase and development financing. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Exterior
View Y/N No
Building
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "