Remarks

Looking for an automotive use building offered by the Detroit Landbank Authority? This one could be yours! 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.

Details

MLS#: 20240071558
Price: $18,000

Style: Real Estate Only
Sq Ft: 1386
Year Built: 1983

County: Wayne
Subdivision: HARDY SUB OF LOTS 1 3 4 5
Lot Size: 0.23

School District: Detroit