2203 Lothrop Street
Detroit, MI 48206

Tools & Resources:

Description

Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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 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 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48206
• Subdivision/Neighborhood: Lasalle Gardens (Plats)
• School District: Detroit
• Lot Size: 8712 sq ft lot
• Directions: N. of W. Grand Blvd., W. of 14th.
• List Price Acre: 100000
• Lot Size Area: 0.2
• Lot Size Square Feet: 8712
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 10001083.
• Road Frontage: 48
• Tax Legal Description: S LOTHROP 370 LA SALLE GARDENS SUB L25 P100 PLATS, W C R 10/66 48.01 IRREG