571 E Edsel Ford
Detroit, MI 48202

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Description

New Build Opportunity! 9 lots included in the sale include 571 E. Edsel Ford Fwy, 587 Edsel. Ford Fwy, 581 E. Ford Fwy, 5923 St. Antoine, 590 Harper, 580 Harper, 574 Harper, 566 Harper, 556 Harper. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. THE DLBA 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• Subdivision/Neighborhood: Ferry & Lysters Sub (Plats)
• School District: Detroit
• Lot Size: 4356 sq ft lot
• Directions: N. of I-94, E. of Brush
• List Price Acre: 1300000
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 03001683.
• Road Frontage: 32
• Tax Legal Description: N EDSEL FORD E E 11 FT 9 W 21 FT 8 BLK 45 FERRY & LYSTERS L12 P43 PLATS, W C R 3/73 32 X 130