302 MOUNT VERNON Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48202
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2200064483
Originating Board Realcomp
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00X110.00
Property Description
Great property for infill building located in Detroit’s bustling North End neighborhood. This property is within walking distance to the Q-Line and New Center Area. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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 and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WOODWARD SOUTH PASS HOLBROOK MAKE LEFT ONTO MOUNT VERNON
Exterior
Waterfront No
View Y/N No
Others
Tax ID W01I002364S
Acceptable Financing Cash
Listing Terms Cash