3560 16th Street
Detroit, MI 48208

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Description

Great build opportunity located within walking distance of Detroit's Corktown, social district, and the newly renovated Ford train station. This property is surrounded by some newer built homes where values are on the rise! 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 Detroits 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: 48208
• School District: Detroit
• Lot Size: 4356 sq ft lot
• Directions: Martin Luther King & 16th
• List Price Acre: 85000
• Lot Size Area: 0.1
• Lot Size Square Feet: 4356
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: W10I006040S
• Street Type: Paved
• Tax Legal Description: E 16TH 304 SUB OF P C 44 L68 P2-3 DEEDS, W C R 10/31 40 X 106.85