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About the Listing 105099 - RC416849
Development opportunity in prime area offering endless potential in a rapidly developing residential area. Located a few minutes from Motown Museum and Henry Ford Hospital. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Vacant Land
MLS ®
60986690
Year Built
Total Square Footage
0
Lot/Acreage
0.42
County
Wayne
Neighborhood
Sibley Place Sub
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water at Street,Community
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 160X114.84
- Zoning: Residential
- Roof:
- Others:
- Sewer: Public At Street
Financial Details
- Tax Amount: $1
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
5957 Rosa Parks Detroit, MI 48208
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