17245 TRINITY Street Detroit, MI 48219

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 17, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 3:06PM

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MLS# 20240024658

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Investment Insights

Based on property information with market context.

Located in the Holcomb Community of Detroit, this land-based site offers a great opportunity with two lots at 17245 & 17231 Trinity. The Detroit Land Bank Authority (DLBA) is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult the DLBA's proposal guidelines for land-based sites and their Guide to Plot Plan, Site Design, and Maintenance. 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, which may be incompatible with 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 total lot size is 0.23 acres.

Key Highlights

• Opportunity to acquire two adjacent lots in the Holcomb Community
• Suited for land‑based projects like urban agriculture, gardening, or beautification
• Public water source available

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FAQs

What type of property is this?

Residential land & home lot - Two residential lots in Holcomb Community, Detroit.

Where is this residential land & home lot located?

The property is located at 17245 TRINITY 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: Opportunity to acquire two adjacent lots in the Holcomb Community; Suited for land‑based projects like urban agriculture, gardening, or beautification; Public water source available