1532 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 7:06PM

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MLS# 20261030869

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Investment Insights

Based on property information with market context.

This property presents a residential infill opportunity in Detroit, Michigan. The sale encompasses multiple lots: 1532, 1526, 1514, 1520, and 1502 Casgrain, and they are not sold separately. The total lot size is 0.11 acres. The Detroit Land Bank Authority (DLBA) seeks affordable housing proposals for these lots, and interested buyers should consult proposal guidelines for new build opportunities. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the 5 tax years following property ownership transfer, which may be incompatible with other tax abatements. The 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 property is zoned for residential use.

Key Highlights

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

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FAQs

What type of property is this?

Land - Residential land redevelopment opportunity in Detroit, Michigan.

Where is this land located?

The property is located at 1532 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.; Sale includes multiple lots: 1532, 1526, 1514, 1520, and 1502 Casgrain.; The DLBA is seeking affordable housing proposals for these lots.