2242 Saint Joseph Street
Detroit, MI 48207

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Description

This property is in a 5 lot bundle with 2232, 2236, 2248, and 2254 St. Joseph. Totaling 14,200 sqft. Not sold separately. 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. BATVAI 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. Please see attached documents for DLBA requirements and offer submission information.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• Subdivision/Neighborhood: James Campau Farm Sub Of E 1/2 Pc 91 & P18(Plats)
• School District: Detroit
• Lot Size: 2614 sq ft lot
• Directions: TAKE
• List Price Acre: 500000
• Lot Size Area: 0.06
• Lot Size Square Feet: 2614
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 09001827.
• Road Frontage: 28
• Tax Legal Description: S ST JOSEPH 24 BLK 32 SUB OF PT OF JAMES CAMPAU FARM L2 P18 PLATS, W C R 9/1 28 X 100