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$25,000
Est. payment /mo
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250025327
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 60 x 160
Source Realcomp
Property Description
This property is sold with 2708 Mt. Elliot totaling= 14,427 sqft. Not sold separately. Property zoned at R4. Buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-Approval letter, or new construction loan. Projects will require approval of the Design Review from the city of Detroit. 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 and submission instructions.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take E Vernor headed east pass Gratiot. Make a left onto Mount Elliott
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 15013959.
Acceptable Financing Cash
Listing Terms Cash
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Listed by RCH Brokerage Legacy Inc