Vacant Commercial Land
3520 Mount Elliott Street Detroit, MI 48207
For Sale
Contact for pricing
Vacant commercial lot in Islandview, offered by the Detroit Land Bank with land activation-focused proposal guidelines.
Days on Market710
Property Features for 3520 Mount Elliott Street
General Information
- Standard status
- Active
- Property subtype
- Commercial Lots & Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Homesforsaleinmich
Added: Aug 13, 2024
Changed: Jul 22
Last Checked: Jul 23 at 5:57AM
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
Investment Insights
Based on property information with market context.
This listing offers a vacant commercial land parcel in the Islandview neighborhood, presented by the Detroit Land Bank. The property is being marketed as blank space for future business development, subject to the DLBA’s proposal guidelines for land-based sites, including urban agriculture, gardening, or beautification for either profit or community activation. Interested buyers are directed to review the DLBA’s Guide to Plot Plan, Site Design, and Maintenance.
The lot is described as located minutes from Downtown Detroit. The DLBA also recommends reviewing City of Detroit Neighborhood Framework Plans for additional neighborhood context.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement available to the selected purchaser, and the DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The lot is described as located minutes from Downtown Detroit. The DLBA also recommends reviewing City of Detroit Neighborhood Framework Plans for additional neighborhood context.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement available to the selected purchaser, and the DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant commercial lot in the Islandview neighborhood
- Offered by the Detroit Land Bank
- DLBA land‑based proposal options include urban agriculture, gardening, or beautification
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Vacant commercial lot in Islandview, offered by the Detroit Land Bank with land activation-focused proposal guidelines.
Where is this commercial land located?
The property is located at 3520 Mount Elliott Street 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 commercial lot in the Islandview neighborhood; Offered by the Detroit Land Bank; DLBA land‑based proposal options include urban agriculture, gardening, or beautification
