Welcome to the latest offering from the Detroit land Bank authority. over 37,000 sq ft of commercial space waiting for your development ideas located in the Franklin Park subdivision. This is a land-based site. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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.
General Information
Sale Price: $35,651
Price/SqFt:
Status: Active
MLS#: rcomi20240007161
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: emerson park (plats)
Acres: 0.86
Lot Dimensions: 228.00 x 164.00
Size:
Acreage: 0.86 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: N E WEAVER 162 THRU 169 203 THRU 207 AND VAC ALLEYS ADJ EMERSON PARK SUB L55 P45 PLATS, W C R 22/322 37,434.41 SQ FT
