3086 24TH Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48216
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230031175
Originating Board Realcomp
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 135.00
Property Description
Vacant lot in the Chadsey Condon neighborhood. Close to expressways and Downtown Detroit! This bundle includes 3094 24th St, 3102 24th St, 3086 24th St, and 3078 24th St. Total price is 15,500. 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 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction South of Martin Luther King Jr Blvd and East of W Grand Blvd
Exterior
View Y/N No
Others
Tax ID W12I008625S
Acceptable Financing Cash
Listing Terms Cash