Mid-Mitten Realty
4414 25TH Street Pending Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60301167
Style Vacant Land
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00X100.00
Property Description
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 9 lots are included in the sale, 4420, 4426, 4432, 4438, 4444, 4450, 4456, 4462 25th. Sale contingent on buyer/seller executed development agreement. 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 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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family,Residential
Exterior
Waterfront No
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash