589 Leicester Court
Detroit, MI 48202

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Description

This vacant lot is bundled with 577, 583, and 595 Leicester. A total of 4 lots. Not sold separately. Totaling= 14,032 sqft. 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. BATVAI Please see attached documents for DLBA requirements.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• School District: Detroit
• Lot Size: 3485 sq ft lot
• Directions: TAKE WOODWARD HEADED NORTH PASS E GRAND BLVD. MAKE RIGHT ONTO LEICESTER.
• List Price Acre: 375000
• Lot Size Area: 0.08
• Lot Size Square Feet: 3484.8
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: W03I002567S
• Street Type: Paved
• Tax Legal Description: N LEICESTER CT 29 BLK 3-- THOMAS & WAGNERS L11 P80 PLATS, W C R 3/113 30 X 117