1408 Lansing
Detroit, MI 48209

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Description

Great property for infill building. Sold with 2 vacant lots (1414 Lansing and 4612 Porter). Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 request 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 and offer submission information.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48209
• School District: Detroit
• Lot Size: 5663 sq ft lot
• Directions: TAKE VERNON HEADED EAST PASS JUNCTION MKE RIGHT ONTO LANSING
• List Price Acre: 192307.69
• Lot Size Area: 0.13
• Lot Size Square Feet: 5662.8
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: W16I009705S
• Road Frontage: 44
• Street Type: Paved
• Tax Legal Description: E LANSING 25 WAGNER BROS SUB L8 P67 PLATS, W C R 16/112 43.73 X 139.96