1570 PERRY Detroit, MI 48216
- Added:
- Apr 17, 2019
- Days on Market:
- 2545
- Last Refresh:
- Apr 4 at 11:06 am
Property Features for 1570 PERRY
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active Under Contract
- APN
- W08I000691S
- Lot size
- 0.08 Acres
Building Details
- Architectural style
- Other
Listing agent James Bufalino (313) 806-1303
Listing office Premier Property Services LLC 19822 Mack Avenue, Grosse Pointe Woods, MI (313) 822-9000
Listing date Apr 17, 2019
MLS# 219033848
Listing URL
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Overview
Detroit Vacant Land Opportunity
This vacant land in Detroit, Michigan, presents a new build opportunity. The purchaser is required to submit a comprehensive development plan that includes the scope of development, specifying the number of units and total square footage, along with development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Incomplete proposals will not be considered. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. 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 amount will be determined after reviewing the development proforma and the effect of any tax abatements on the purchase and development financing. The lot size is 0.08 acres and is zoned for residential use.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0717274
- Latitude
- 42.3369109
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Vacant land suitable for new residential development in Detroit.
Where is this land located?
The property is located at 1570 PERRY 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 presents a new build opportunity.; Development plan submission required (scope, cost, proof of funds, architectural drawings).; Detroit Land Bank Authority (DLBA) tax capture for 5 years post‑transfer.
