12800 W CHICAGO Street Detroit, MI 48228
- Added:
- Jun 12, 2023
- Days on Market:
- 1025
- Last Refresh:
- Apr 1 at 11:06 am
Property Features for 12800 W CHICAGO Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 2200472730
- Lot size
- 0.25 Acres
Building Details
- Architectural style
- Other
Listing agent Erick Monzo (586) 210-3350
Listing office Keller Williams Realty-Great Lakes 28220 Harper, St. Clair Shores, MI (586) 541-4000
Listing date Jun 12, 2023
MLS# 20230046845
Listing URL
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Overview
Vacant Land on High Traffic
This vacant lot is located on high-traffic W Chicago Street. It is suitable for a new business venture. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability. Interested buyers should consult the DLBA proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The lot size is 0.25 acres. The DLBA 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 abatement 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 abatement on the purchase and development financing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.170058
- Latitude
- 42.366427
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Vacant commercial lot ready for your next business venture!
Where is this land located?
The property is located at 12800 W CHICAGO Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Vacant lot on high‑traffic W Chicago Street, ideal for business ventures.; Opportunity for small- to medium‑scale infill development.; Aligned with DLBA's goal of increasing housing supply and restoring urban fabric.
