8441 SOUTHFIELD Freeway Detroit, MI 48228

Listing office RCH Brokerage Legacy Inc l***@rchlegacy.com Show Phone

Listing date Oct 8, 2024

Source Exitrealty

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Investment Insights

Based on property information with market context.

This land site is zoned B4. Proposals are sought to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult proposal guidelines for land-based sites and the DLBA Guide to Plot Plan, Site Design, and Maintenance. Reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department is also recommended for additional context about the neighborhood. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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 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.

Key Highlights

• Zoned B4, offering potential for various business and development opportunities.
• Opportunity to participate in the activation and stewardship of vacant land.
• Suitable for urban agriculture, gardening, or beautification projects.

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FAQs

What type of property is this?

Commercial land - Land site suitable for urban agriculture or beautification projects.

Where is this commercial land located?

The property is located at 8441 SOUTHFIELD Freeway 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: Zoned B4, offering potential for various business and development opportunities.; Opportunity to participate in the activation and stewardship of vacant land.; Suitable for urban agriculture, gardening, or beautification projects.