5224 Linwood Street
Detroit, MI 48208

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Description

This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. 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: 48208
• School District: Detroit
• Lot Size: 4792 sq ft lot
• Directions: Grand River & I-94
• List Price Acre: 450000
• Lot Size Area: 0.11
• Lot Size Square Feet: 4791.6
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 10007345.
• Road Frontage: 30
• Street Type: Paved
• Tax Legal Description: E LINWOOD 7 FORDS SUB L10 P23 PLATS, W C R 10/89 30 X 151.56