$ 40,502
1780 TOWNSEND Street Detroit, MI 48214
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$ 40,502
Est. payment | /mo
6,098 Sqft Lot
$ 40,502
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230083441
Originating Board Realcomp
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60 x 100
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots in the quickly growing islandview neighborhood. The lots are surrounded by a swath of new construction waiting for your development ideas. The sale includes 1774, 1768 and 1762 Townsend. 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. More specifically they would like to see small scale multi-families and duplexes. 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 E Grand blvd South to Kercheval go east to Townsend go south
Exterior
Waterfront No
View Y/N No
Others
Tax ID 170118589
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield
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Tricia Carlson
REALTOR® | Lic# 6506048426