2995 CANTON Street Detroit, MI 48207

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Sep 6, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 2:06PM

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MLS# 20240058644

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Investment Insights

Based on property information with market context.

This Islandview infill lot, offered by the Detroit Land Bank Authority, measures 41x105. The DLBA aims to promote small- to medium-scale infill development to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. Reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department is recommended for additional neighborhood context. 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 tax abatements or lot combinations 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 abatements on the purchase and development financing. Refer to DLBA proposal guidelines.

Key Highlights

• Infill lot in Islandview neighborhood - New construction opportunity!
• Lot size is 41x105, suitable for small- to medium‑scale development.
• Opportunity to contribute to increasing housing supply and restoring urban fabric.

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FAQs

What type of property is this?

Residential land & home lot - Islandview infill lot available from Detroit Land Bank Authority.

Where is this residential land & home lot located?

The property is located at 2995 CANTON 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: Infill lot in Islandview neighborhood - **New construction opportunity!**; Lot size is 41x105, suitable for small- to medium‑scale development.; Opportunity to contribute to increasing housing supply and restoring urban fabric.