314 Mount Vernon Ave Detroit, MI 48236
Property Features for 314 Mount Vernon Ave
General Information
- Lot size
- 0.08 Acres
Source: RCH Brokerage Legacy Inc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Land Near New Center Area
This property is located within walking distance of the Q-Line and the New Center Area. The buyer is required to submit a proposal to purchase, including construction plans or precedent agriculture images of the proposed development, along with a financing plan with proof of funds or a pre-approval letter for a new construction loan. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following the transfer of ownership of the property. This tax capture may not be compatible with tax abatements otherwise available to the selected purchaser. The 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 amount will be determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. Additional documents are available outlining DLBA requirements and offer submission information.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.90696
- Latitude
- 42.40474
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Land within walking distance to the Q-Line.
Where is this land located?
The property is located at 314 Mount Vernon Ave Detroit, MI.
What is the asking price?
The asking price for this property is $9,900.
What are key features of this property?
This property features: - Walking distance to the Q-Line.; - Proximity to the New Center Area.; - Opportunity for new construction development.