2628 ROSA PARKS BLVD Detroit, MI 48216

Listing agent James Bufalino License #6501313711 Show Phone

Listing office Premier Property Services LLC j***@ppsam.com 19822 Mack Avenue, Grosse Pointe Woods, MI Show Phone

Listing date Mar 15, 2022

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MLS# 2220017413 Listing URL

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Investment Insights

Based on property information with market context.

This 0.09-acre land parcel in Detroit, MI, is zoned for multi-family residential development. The property is intended for building that defines space in a meaningful way and complements the community. The development should provide diverse residential stock and density at a variety of price points and ownership types, including rental and ownership options. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The Detroit Land Bank Authority (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 the effect of any tax abatement on the purchase and development financing. See attached documents for offer submission information.

Key Highlights

• Opportunity for diverse residential development (rent, own, various housing types).
• Potential to stimulate local economic growth through neighborhood commercial investments and job creation.
• Location: Coordinates provided for precise location analysis.

Property Analytics

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FAQs

What type of property is this?

Residential land & home lot - Land available for multi-family residential development in Detroit.

Where is this residential land & home lot located?

The property is located at 2628 ROSA PARKS BLVD 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 for diverse residential development (rent, own, various housing types).; Potential to stimulate local economic growth through neighborhood commercial investments and job creation.; Location: Coordinates provided for precise location analysis.