3525 Porter Street
Detroit, MI 48216

Tools & Resources:

Description

Great build opportunity located in the heart of Mexicantown, and close Detroit's Corktown, social district, and the newly renovated Ford train station. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48216
• School District: Detroit
• Lot Size: 2614 sq ft lot
• Directions: E. of 25th, South Side of Porter
• List Price Acre: 133333.33
• Lot Size Area: 0.06
• Lot Size Square Feet: 2613.6
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 12000126.
• Road Frontage: 29
• Street Type: Paved
• Tax Legal Description: S PORTER E 29 FT OF W 58 FT 16 E 29 FT OF W 58 OF N 1/2 15 CATHERINE B HUBBARDS SUB L4 P16 PLATS, W C R 12/24 29 X 85.14A