Urban Agriculture Land
10086 Rosemont Avenue Detroit, MI 48228
For Sale
Contact for pricing
Vacant land parcel zoned R1, sold as part of a larger Rosemont site and not separately.
Days on Market670
Property Features for 10086 Rosemont Avenue
General Information
- Standard status
- Active
- Property subtype
- Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Sep 23, 2024
Changed: Jul 21
Last Checked: Jul 24 at 12:27PM
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 RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This is a land-based site offered for sale with 10,094 square feet that is sold as part of a Rosemont total and not available separately. The Detroit Land Bank Authority is seeking proposals to support activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, for profit or community activation. Interested buyers are directed to review the authority’s proposal guidelines for land-based sites and the DLBA guide to plot plan, site design, and maintenance.
The property is zoned R1. The Detroit Land Bank Authority notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with certain tax abatements otherwise available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the impact of any tax abatement on purchase and development financing. All offers must be supported by proof of funds meeting or exceeding development costs.
The property is zoned R1. The Detroit Land Bank Authority notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with certain tax abatements otherwise available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development pro forma and the impact of any tax abatement on purchase and development financing. All offers must be supported by proof of funds meeting or exceeding development costs.
Key Highlights
- Vacant land parcel zoned R1.
- Sold with 10094 Rosemont totaling sqft and not sold separately.
Property Analytics
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
FAQs
What type of property is this?
Agricultural land / Farmland - Vacant land parcel zoned R1, sold as part of a larger Rosemont site and not separately.
Where is this agricultural land / farmland located?
The property is located at 10086 Rosemont 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: Vacant land parcel zoned R1.; Sold with 10094 Rosemont totaling sqft and not sold separately.
