16825 LOG CABIN Street Highland Park, MI 48203

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date May 4, 2023

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MLS# 20230030744 Listing URL

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Investment Insights

Based on property information with market context.

This vacant land is located in the Martin Park neighborhood. The lot measures 30 ft x 99 ft, totaling 0.07 acres. Addresses associated with this listing include 16815, 16801, 16825, 16809, and 16821. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, density, and walkability. Interested buyers should consult the 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 DLBA is entitled to a tax capture for the 5 tax years after transferring ownership. This tax capture may not be compatible with 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 will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

Key Highlights

• Located in the highly desired Martin Park neighborhood.
• Opportunity for small- to medium‑scale infill development.
• Goal of increasing housing supply and restoring urban fabric, density, and walkability.

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FAQs

What type of property is this?

Residential land & home lot - Vacant land in a desired Detroit neighborhood.

Where is this residential land & home lot located?

The property is located at 16825 LOG CABIN Street Highland Park, 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: Located in the highly desired Martin Park neighborhood.; Opportunity for small- to medium‑scale infill development.; Goal of increasing housing supply and restoring urban fabric, density, and walkability.