5585 Ridgewood Street
Detroit, MI 48204

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Description

Check out this residential zoned vacant lot located close to the expressway. This lot is ready for you to build your dream home or income generating property. Brought to you by the Detroit Land Bank. 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: 48204
• School District: Detroit
• Lot Size: 15682 sq ft lot
• Directions: South of Jeffries Fwy, East of Livernois
• List Price Acre: 13888.89
• Lot Size Area: 0.36
• Lot Size Square Feet: 15681.6
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 16004297.
• Road Frontage: 26
• Street Type: Paved
• Tax Legal Description: S RIDGEWOOD 238 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 25.6 IRREG