3967 17TH Street Detroit, MI 48208

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 16, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 3:06PM

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MLS# 20240024514

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Investment Insights

Based on property information with market context.

Located in historic North Corktown, this offering presents a new build infill opportunity. The sale includes four lots situated in an area characterized by new construction properties, offering the potential to complete the block. The lots, located at 3967, 3973, 3979 & 3985 17th, are available for development. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers are encouraged to consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which 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 combined lot size is 0.1 acres.

Key Highlights

• Four contiguous lots ideal for infill development.
• Located in the Historic North Cork town area.
• Area features new construction properties.

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FAQs

What type of property is this?

Residential land & home lot - Four residential lots for new construction in historic North Corktown.

Where is this residential land & home lot located?

The property is located at 3967 17TH Street Detroit, MI.

What is the asking price?

The asking price for this property is $60,000.

What are key features of this property?

This property features: Four contiguous lots ideal for infill development.; Located in the Historic North Cork town area.; Area features new construction properties.