Vacant Lot on High
8544 W CHICAGO St, Detroit, MI 48204
- Added:
- Jun 16, 2023
- Days on Market:
- 1078
- Last Refresh:
- May 19 at 10:11 pm
Property Features for 8544 W CHICAGO St
General Information
- Standard status
- Active
- Lot size
- 0.41 Acres
- Property subtype
- Lots/Land
Listing agent Erick Monzo License #6501330189 (586) 210-3350
Listing office Keller Williams Realty-Great Lakes (586) 210-3350
Listing date Jun 16, 2023
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Great Lakes
HighLights
- Vacant lot on high‑traffic W Chicago Street - suitable for business venture.
- Opportunity for small- to medium‑scale infill development.
- Aligned with DLBA's goal of increasing housing supply and restoring urban fabric.
- Supports increased density and walkability.
- DLBA seeking proposals for new build opportunities.
- Opportunity to consult Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
Overview
This vacant lot is located on high-traffic W Chicago Street. It is suitable for a new business venture. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The 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 abatement 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.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1683
- Latitude
- 42.3662
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Vacant lot ready for your next business venture!
Where is this commercial land located?
The property is located at 8544 W CHICAGO St 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: Vacant lot on high‑traffic W Chicago Street - suitable for business venture.; Opportunity for small- to medium‑scale infill development.; Aligned with DLBA's goal of increasing housing supply and restoring urban fabric.
