4200 LAWTON Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Currys Sub Of O L 7 Of Sub Of R C Pc 729 (Plats)
MLS Listing ID 20230006356
Lot Size 3,484 Sqft
Property Description
This vacant lot is bundled with 4228,4210,4216,4222,4234,4240, and 4250 Lawton. A total of 8 lots. Not sold separately. Totaling= 26,869 sqft. 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 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 Det South Of Grand River
Zoning Residential
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash