2802-12 HARRISON 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 Apr 15, 2019

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MLS# 219033854 Listing URL

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Investment Insights

Based on property information with market context.

These vacant lots in Detroit, MI, present a mixed-use, multi-family new build opportunity. Development proposals must include a minimum of 3 housing units, a development plan outlining the scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Only complete proposals will be considered. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years following the property ownership transfer. 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 approximately 0.21 acres.

Key Highlights

• Mixed‑use/Multi‑family new build opportunity.
• Vacant lot ready for development.
• Development proposal must include at least 3 housing units.

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FAQs

What type of property is this?

Residential land & home lot - Vacant lots suitable for multi-family development in Detroit, MI.

Where is this residential land & home lot located?

The property is located at 2802-12 HARRISON Detroit, MI.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: Mixed‑use/Multi‑family new build opportunity.; Vacant lot ready for development.; Development proposal must include at least 3 housing units.