570 Concord Street
Detroit, MI 48207

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Description

Welcome to the latest offering from the Detroit Land Bank Authority. Mid size vacant lot perfect for your development ideas. Sale also includes 566 Concord. 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

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• School District: Detroit
• Lot Size: 3920 sq ft lot
• Directions: e grand blvd south to E. Lafayette West to Concord go south
• List Price Acre: 444444.44
• Lot Size Area: 0.09
• Lot Size Square Feet: 3920.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 15010646.
• Road Frontage: 36
• Street Type: Paved
• Tax Legal Description: E CONCORD N 36 FT OF W 107.64 FT OF 5 LYG E & ADJ CONCORD 66 FT WD WALKER & COOPERS SUB L1 P195 PLATS, W C R 15/16 36 X 107.64