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Size
0.11 Acres
Exterior
Financial
$100,000
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Listing Details
Land
Property type
9776820
Web Id
20230006878
MLS ID
591
Days Posted
Description
1051 Concord Street,
Detroit,
MI
48207
Detroit, MI 48207
Welcome to the latest offering from the Detroit Land Bank Authority. Six (6) buildable lots in the Islandview neighborhood just minutes from Belle Isle park. Sale includes 1075, 1069, 1063, 1057 and 1043 Concord. The DLBA is seeking proposals 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. These parcels are currently zoned R2 but higher-density proposals may be possible as a conditional use. Interested buyers should consult DLBA proposal guidelines for new build opportunities and provide a project description with their offer. The DLBA also recommends reviewing the Islandview Greater Villages Neighborhood Framework Plan from the City of Detroits 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
This is an Active listing.
Broker Office Phone Number: 248-723-0055
Copyright © 2024Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 248-723-0055
Copyright © 2024Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
1/27/2023 | $100,000 | - | Listed |
Listing By: Real Estate One-Southfield via Data Source: Realcomp Limited II
listing agent: Gene Kelley II