967 CONNER Street Detroit, MI 48215

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Oct 7, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 2:06PM

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MLS# 20240071552

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Investment Insights

Based on property information with market context.

This residential infill development opportunity is located in the rapidly developing Jefferson Chalmers neighborhood, a few blocks from the Detroit River and steps away from Stellantis and Coriander. The offering includes 7 lots located at 967, 1003, 997, 991, 987, 979, and 973 Conner, Detroit, MI 48215. The lots, which cannot be sold separately, offer a total of 20,602 square feet. The sale is contingent on a buyer/seller executed development agreement. The Detroit Land Bank Authority 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 and lot combinations 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 abatements on the purchase and development financing.

Key Highlights

• Infill development opportunity in the rapidly developing Jefferson Chalmers neighborhood.
• Includes 7 lots totaling 20,602 square feet on Conner Street.
• Located near the Detroit River, Stellantis, and Coriander.

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FAQs

What type of property is this?

Residential land & home lot - Residential infill development opportunity in Jefferson Chalmers neighborhood.

Where is this residential land & home lot located?

The property is located at 967 CONNER Street Detroit, MI.

What is the asking price?

The asking price for this property is $52,000.

What are key features of this property?

This property features: Infill development opportunity in the rapidly developing Jefferson Chalmers neighborhood.; Includes 7 lots totaling 20,602 square feet on Conner Street.; Located near the Detroit River, Stellantis, and Coriander.