5
See all 5 photos
$20,000
Est. payment /mo
4,356 Sqft Lot
Pending
2499 TOWNSEND Street Detroit, MI 48214 1728
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Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60307470
Style Vacant Land
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 45 x 100
Property Sub-Type Vacant Land
Property Description
This site qualifies for West Village NEZ for Infill Development. The DLBA expectation for these lots is a new build/ground-up development. THIS BUNDLE INCLUDES 2499 TOWNSEND, 2505 TOWNSEND AND MUST BE PURCHASED TOGETHER. Check out this latest offering from the Detroit Land Bank Authority located at Vernor Hwy and Grand Blvd in the Islandview neighborhood. This TWO lot bundle is conveniently located 7 minutes from Eastern Market and only a short distance to Downtown Detroit. The City of Detroit announced they are investing millions to improve the up-and-coming area. Check out the nearby New Butzel Playfield as well as improvements to Marcus Garvey Academy. Please note that the DLBA 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 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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
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Listed by Keller Williams Realty-Great Lakes