71 HAZELWOOD Street Detroit, MI 48202

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 3:31AM Checked: Jul 23 at 4:06AM

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MLS# 20240024451

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Investment Insights

Based on property information with market context.

This property presents an opportunity for infill building in Detroit's North End neighborhood. The 0.12-acre lot is located within walking distance of the Q-Line and the New Center Area. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply and restoring the urban fabric, density, and walkability. Interested buyers should 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 following the property transfer, which may affect tax abatements available to the purchaser. The payment will be determined after reviewing the development proforma and the effect of any tax abatements on financing.

Key Highlights

• Opportunity for infill development to increase housing supply.
• Located in Detroit's North End neighborhood.
• Walking distance to the Q‑Line and New Center Area.

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FAQs

What type of property is this?

Residential land & home lot - Land available in Detroit's North End neighborhood for infill development.

Where is this residential land & home lot located?

The property is located at 71 HAZELWOOD 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: Opportunity for infill development to increase housing supply.; Located in Detroit's North End neighborhood.; Walking distance to the Q‑Line and New Center Area.