885 E GRAND Boulevard, Detroit, MI 48207 - MLS#20230045754

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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 23,658

Est. payment -/mo

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Active

885 E GRAND Boulevard Detroit, MI 48207

0.27 Acres Lot

UPDATED:

06/20/2024 04:07 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Assessors Plat Of Lots 1 To 65 Incl Pt 66 Etc

MLS Listing ID 20230045754

Originating Board Realcomp II Ltd

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 96.00 x 123.00

Property Description

Property zoned as R5. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Commercial

Direction TAKE MACK AVE HEADED WEST PASS VAN DYKE. MAKE RIGHT ONTO E GRAND BLVD, PROPERTY WILL BE ON LEFT SIDE OF THE STREET. SYLVESTER SIDE STREET

Exterior

Waterfront no

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Schools

School District Detroit

Others

Tax ID W15I007993S

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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