Description
Welcome to the latest offering from the Detroit Land Bank Authority. Commercial structure on a large vacant lot. Set in an industrial setting, Possibilities abound. Zoned M4, there is plenty of room to roam. Renovate the existing structure or start all over with your own design. Licensed agent to accompany all showings. 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. Please refer to DLBA proposal guidelines.
Location
Listing Agent: Gene Kelley II Courtesy of: Real Estate One-Southfield IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 1st February, 2023 11:17 AM (UTC)
