7719 E Lafayette Street
Detroit, MI 48214

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Description

Prime development opportunity in Detroit's Islandview neighborhood, offering endless potential in a rapidly developing residential area. Located just minutes from Detroit's riverfront, Belle Isle, and Downtown Detroit, these parcels provide an ideal canvas for new residential construction in a vibrant and growing community. Convenient access to major corridors, neighborhood amenities, and ongoing redevelopment makes this an excellent opportunity for builders, developers, or long-term investors. This sale includes land on 1000 Baldwin and 7719 E. Lafayette. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48214
• School District: Detroit
• Lot Size: 1742 sq ft lot
• Directions: North Jefferson, East Grand Blvd.
• List Price Acre: 450000
• Lot Size Area: 0.04
• Lot Size Square Feet: 1742.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W17I011064S
• Street Type: Paved
• Tax Legal Description: E BALDWIN REAR E 48.50 FT 4 SUB OF PT OF WESSONS SUB L18 P100 PLATS, W C R 17/229 35 X 48.50