Detroit Land - New Build
571 E EDSEL FORD Freeway Detroit, MI 48202
For Sale
$130,000
LAND - Detroit, MI
Lot Size0.10 Acres
Days on Market828
Property Features for 571 E EDSEL FORD Freeway
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 03001683.
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- N EDSEL FORD E E 11 FT 9 W 21 FT 8 BLK 45 FERRY & LYSTERS L12 P43 PLATS, W C R 3/73 32 X 130
Utilities
- Water source
- Public
Listing Agency:
Bellabay Realty Tri Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Added: Apr 17, 2024
Changed: May 13
Last Checked: Jul 23 at 11:06PM
MLS# 20240024630
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Investment Insights
Based on property information with market context.
This sale includes nine residential lots, presenting a new build opportunity. The properties are located at 571 E. Edsel Ford Fwy, 587 Edsel. Ford Fwy, 581 E. Ford Fwy, 5923 St. Antoine, 590 Harper, 580 Harper, 574 Harper, 566 Harper, and 556 Harper in Detroit. The combined lot size is 0.1 acres. New construction should define space in a meaningful way and complement the community. The building design should provide diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. 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. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. 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 abatement on the purchase and development financing. See additional attached documents.
Key Highlights
- Opportunity to purchase 9 adjacent lots.
- New build opportunity.
- Intended to stimulate local economic growth through commercial investment and job creation.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
FAQs
What type of property is this?
Residential land & home lot - Nine residential lots available for new construction in Detroit.
Where is this residential land & home lot located?
The property is located at 571 E EDSEL FORD Freeway Detroit, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Opportunity to purchase 9 adjacent lots.; New build opportunity.; Intended to stimulate local economic growth through commercial investment and job creation.
