$ 25,000
1408 LANSING Detroit, MI 48209
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$ 25,000
Est. payment | /mo
5,662 Sqft Lot
$ 25,000
Est. payment | /mo
5,662 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2210010609
Originating Board Realcomp
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 44.00X140.00
Property Description
Great property for infill building. Sold with 2 vacant lots (1414 Lansing and 4612 Porter). Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 request 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 requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE VERNON HEADED EAST PASS JUNCTION MKE RIGHT ONTO LANSING
Exterior
View Y/N No
Others
Tax ID W16I009705S
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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Mike Himes
Lic# 501408694