9804 DEXTER Avenue Detroit, MI 48206

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Jun 16, 2023

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MLS# 20230045867 Listing URL

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Investment Insights

Based on property information with market context.

This commercial zoned vacant lot presents a development opportunity, situated a few minutes from Downtown Detroit and with convenient access to major expressways. The Detroit Land Bank Authority (DLBA) aims to foster small- to medium-scale infill development to increase housing supply and restore urban fabric, density, and walkability. Buyers should consult proposal guidelines for new build opportunities and review Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for neighborhood context. The DLBA is entitled to a tax capture for the 5 tax years after property ownership transfer, which may not be compatible with other tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The lot size is 0.43 acres.

Key Highlights

• Commercial zoned vacant lot suitable for small- to medium‑scale infill development.
• Located a few minutes outside of Downtown Detroit.
• Close proximity to major expressways.

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FAQs

What type of property is this?

Commercial land - Commercial zoned vacant lot near Downtown Detroit, close to expressways.

Where is this commercial land located?

The property is located at 9804 DEXTER Avenue 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: Commercial zoned vacant lot suitable for small- to medium‑scale infill development.; Located a few minutes outside of Downtown Detroit.; Close proximity to major expressways.