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5957 Rosa Parks Boulevard Detroit, MI 48208 1740
0.42 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60986690
Style Vacant Land
Annual Tax Amount $1
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 160X114.84
Property Sub-Type Vacant Land
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water at Street, Community
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Next Level Realty & Investments