$ 15,000
5200 W CHICAGO Detroit, MI 48204
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$ 15,000
Est. payment | /mo
0.33 Acres Lot
$ 15,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240074668
Originating Board Realcomp
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 120 x 120
Property Description
This lot sold with 5180 Chicago. Totaling= 19,186 sqft. Not sold separately. Zoned R5. Great opportunity for infill housing development. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take Livernois headed South make a left on to W Grand River Ave,. Take to W Chicago make a left.
Exterior
Waterfront No
View Y/N No
Others
Tax ID 16004849.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc
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Tricia Carlson
REALTOR® | Lic# 6506048426