2876 TILLMAN Street Detroit, MI 48216

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 23 at 3:06AM

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MLS# 20240024461

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Investment Insights

Based on property information with market context.

This land offers a build opportunity within walking distance of Detroit's Corktown, Social District, and the renovated Ford train station. The sale includes multiple parcels on Tillman Street. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult proposal guidelines for new build opportunities and review Neighborhood Framework Plans from the City of Detroit's Planning and Development Department. The DLBA is entitled to a tax capture for the 5 tax years after transferring ownership. This tax capture may be incompatible with other tax abatements. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. The lot size is 0.06 acres.

Key Highlights

• Prime build opportunity in Detroit's Corktown area
• Walking distance to Corktown's Social District and the Ford train station
• Sale includes multiple parcels: 2852, 2858, 2866, 2870, 2876 Tillman

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FAQs

What type of property is this?

Residential land & home lot - Land near Corktown, perfect for residential development.

Where is this residential land & home lot located?

The property is located at 2876 TILLMAN Street Detroit, MI.

What is the asking price?

The asking price for this property is $50,000.

What are key features of this property?

This property features: Prime build opportunity in Detroit's Corktown area; Walking distance to Corktown's Social District and the Ford train station; Sale includes multiple parcels: 2852, 2858, 2866, 2870, 2876 Tillman