259 MOUNT VERNON Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48236
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2200016561
Originating Board Realcomp
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00X110.00
Property Description
Great lot for infill building located in Detroit’s bustling North End neighborhood. This lot is sold as a bundle of 4 with 249 Mt Vernon, 253 Mt Vernon, and 265 Mt. Vernon = 48k. Totaling = 13,211 sqft. Not sold separately. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. 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. BATVAI. Please see attached documents for DLBA guidelines.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WOODWARD HEAD SOUTH PASS HOLBROOK RD MAKE LEFT ONTO MT.VERNON
Exterior
View Y/N No
Others
Tax ID W01I002402S
Acceptable Financing Cash
Listing Terms Cash