$73,214
537 JEFFERSON Detroit, MI 48207
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$73,214
Est. payment /mo
871 Sqft Lot
Active
537 JEFFERSON Detroit, MI 48207
UPDATED:
07/10/2024 11:10 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60321548
Style Vacant Land
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 19.00 x 47.00
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Over 12,000 sqft. of vacant land perfect for your new development ideas. Located in the Islandview subdivison. Total property consists of 7 total lots and is designated SD4. Sale includes: 499, 527, 535,521,505, and 515 Jefferson ct. 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. 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 Detroit (82001)
Zoning Residential
Exterior
Waterfront No
Building
Water Public Water at Street
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One-Southfield
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