Welcome to the latest offering from the Detroit Land Bank Authority. 6 Buildable lots waiting for your development ideas. Located just a stones throw from New Center Area, this sale includes 2541 Edsel Ford, 5286, 5282, 5278,and 5274 Linwood. 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.
General Information
Sale Price: $138,562
Price/SqFt:
Status: Active
MLS#: 20230083451
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: mc carthys sub (plats)
Acres: 0.14
Lot Dimensions: 41 x 152
Size:
Acreage: 0.14 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E LINWOOD 2 MC CARTHYS SUB L26 P4 PLATS, WCR 10/88 40.88 X 151.58
