$ 11,718
7719 E LAFAYETTE Street Detroit, MI 48214
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$ 11,718
Est. payment | /mo
1,742 Sqft Lot
$ 11,718
Est. payment | /mo
1,742 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230086758
Originating Board Realcomp
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 35 x 49
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 2 Buildable lots in the heart of the "Islandview subdivsion. " Sale includes 1000 Baldwin. 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. The goal is to mirror town homes in the area. Two family an quadruplexes will work best in this area. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Jefferson east to E. Grand blvd go north to E. Lafayette go east.
Exterior
Waterfront No
View Y/N No
Others
Tax ID 17011064.
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield
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Rick Genzink
REALTOR®