7
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$12,000
Est. payment /mo
Active
13131 E WARREN AVE Detroit, MI 48215
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Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Jefferson Park Land Co Ltd No 1 (Plats)
MLS Listing ID 2210075180
Property Sub-Type UnimprovedLand
Property Description
The DLBA is seeking a development proposal for the vacant commercial property on Warren. Development proposals could be for parking, new build commercial, or greenspace'. 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.
Location
State MI
County Wayne
Area Area05055Detconmorsgrathstn7Mack
Exterior
View Y/N No
Building
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc
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