4400 Junction Street
Detroit, MI 48210

Tools & Resources:

Description

Great opportunity to build in the city of Detroit. This lot is sold with 4416,4422, and 4410 Junction. Totaling 12,228 sqft. Not Sold separately. Zoned R2. 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 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: 48210
• School District: Detroit
• Lot Size: 3049 sq ft lot
• Directions: Take Michigan Ave headed east pass Livernois. Make left on junction. Land on right side corner of Buchanan.
• List Price Acre: 142857.14
• Lot Size Area: 0.07
• Lot Size Square Feet: 3049.2
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 16013025.
• Road Frontage: 32
• Street Type: Paved
• Tax Legal Description: E JUNCTION 18 BLK I-BRUSHS SUB L16 P24 PLATS, W C R 16/87 32 X 100