1514 Casgrain Street Detroit, MI 48209

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: May 12 Updated: Jun 17 at 3:32PM Checked: Jul 22 at 8:06PM

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MLS# 20261030866

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Investment Insights

Based on property information with market context.

This is an infill opportunity in Detroit. The sale includes multiple lots: 1514, 1532, 1526, 1520, and 1502 Casgrain, which are not sold separately. The total lot size is 0.11 acres. The Detroit Land Bank Authority (DLBA) is looking for affordable housing development for these lots. Interested buyers should consult the 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. 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. The zoning is residential.

Key Highlights

• Infill opportunity in a redevelopment area.
• Package sale includes 5 lots: 1514, 1532, 1526, 1520, and 1502 Casgrain.
• DLBA is seeking affordable housing proposals for these lots.

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FAQs

What type of property is this?

Land - Infill opportunity in Detroit, ideal for affordable housing development.

Where is this land located?

The property is located at 1514 Casgrain Street Detroit, MI.

What is the asking price?

The asking price for this property is $38,000.

What are key features of this property?

This property features: Infill opportunity in a redevelopment area.; Package sale includes **5 lots**: 1514, 1532, 1526, 1520, and 1502 Casgrain.; DLBA is seeking affordable housing proposals for these lots.