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$ 12,511
Est. payment /mo
Pending
16211 SCHAEFER Detroit, MI 48235
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240044851
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 107x100
Source Realcomp
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Over 10,000 sqft of vacant land available for you to build your next multiunit dwelling. Flanked by other residential offerings we are sure that you will find a suitable use for this space. 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 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction 7 mile east to schaefer go south just before puritan.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W22I030715S000
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield