2435 Perry Street
Detroit, MI 48216

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Description

Incredible new infill development opportunity with unlimited potential. Located in the highly desired North Corktown neighborhood, the vacant land occupies a lot size of 74x105 feet and offers an opportunity to be part of the growth and excitement in this well-situated Detroit neighborhood. 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 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: 7841 sq ft lot
• Directions: N. of I-94, E. of 17th
• List Price Acre: 155555.56
• Lot Size Area: 0.18
• Lot Size Square Feet: 7840.8
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 100003001
• Road Frontage: 74
• Street Type: Paved
• Tax Legal Description: S PERRY E 74 FT 390 ALSO PT OF LOTS 389 & 388 BG N 80.94 FT ON E LINE & N 36.45 FT ON W LINE OF E 74 FT THE SUB OF PT OF STANTON FARM L1 P157 PLATS, W C R 10/30 74 IRREG