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$12,000
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3,049 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261057256
Annual Tax Amount $2
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 31X100
Source Realcomp
Property Description
***DEVELOPMENT OPPORTUNITY TO ACQUIRE FIVE (5) CONTIGUOUS RESIDENTIAL INFILL LOTS IN CORE CITY*** These parcels present an outstanding opportunity to build new residential properties, including single-family homes or condominiums, in a neighborhood experiencing ongoing investment and redevelopment. The adjacent lots include 3515, 3521, 3529, 3541, and 3545 Cochrane. Only $60,000 total for all 5 parcels. Conveniently located within 1 mile of Michigan Central Station, Roosevelt Park, and Historic Corktown featuring award-winning restaurants, breweries, and coffee shops. Less than 2 miles of Comerica Park, Ford Field, Little Caesars arena, and major freeways. Whether you're a builder, developer, or future homeowner, this property offers an excellent opportunity to be part of one of Detroit's most active areas of reinvestment. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Location
State MI
County Wayne
Zoning Residential
Direction South of Grand River and West of Rosa Parks Blvd
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I006521S
Acceptable Financing Cash
Listing Terms Cash
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Listed by Next Level Realty & Investments
NEARBY SCHOOLS & PROPERTIES
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