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600 CONCORD Street, Detroit, MI 48207 (Sold on )

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  • The seller has accepted an offer on this property.

 $27,000

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  • 0 BedBeds
  • 0 BathBaths
  • SqftSqft
  • TypeVacant Land
  • Active
  • MLS# 20230022055

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Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. Vacant lot between jefferson and lafayette in the islandview subdivision. 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 Detroits 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


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Property Details 600 CONCORD Street, Detroit, MI 48207

General

  • MLS#: 20230022055
  • Property Type: Vacant Land
  • Property Sub Type: Unimproved Land
  • List Date: 03/27/2023
  • Area: 05053 - Det Woodward-Mcclellan/So Mack
  • Subdivision: WALKER & COOPERS (PLATS)
  • County: Wayne
  • Annual Property Taxes: $0

Schools

  • School District: Detroit

Size & Lot

  • Acres: 0.1200
  • Lot Dimensions: 48 x 108

Utilities

  • Sewer: Sewer At Street
  • Water: Water at Street

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This calculator is provided for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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