$ 40,000
570 CONCORD Street Detroit, MI 48207
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$ 40,000
Est. payment | /mo
3,920 Sqft Lot
$ 40,000
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Walker & Coopers (Plats)
MLS Listing ID 20230021668
Originating Board Realcomp II Ltd
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36 x 108
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Mid size vacant lot perfect for your development ideas. Sale also includes 566 Concord. 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 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 Woodward-Mcclellan/So Mack
Zoning Residential
Direction e grand blvd south to E. Lafayette West to Concord go south
Exterior
Pool No
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Community
Schools
School District Detroit
Others
Tax ID 15010646.
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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Listed by Real Estate One-Southfield