4293 16th Street
Detroit, MI 48208

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Description

Welcome to the latest offering from the Detroit Land Bank authority. Vacant buildable lot in the Cork Town area. 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 neighborhoodPlease 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: 48208
• School District: Detroit
• Lot Size: 3485 sq ft lot
• Directions: I-94 e to W. Grand river ave go south to Buchanan, go west to 16th st
• List Price Acre: 255187.5
• Lot Size Area: 0.08
• Lot Size Square Feet: 3484.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W10I006361S
• Street Type: Paved
• Tax Legal Description: W 16TH S 29 FT 481 SUB OF P C 44 L68 P2-3 DEEDS, W C R 10/31 29 X 119.88A