20444 Schoolcraft Detroit, MI 48223

Listing Agency Encore Real Estate Investment Services

Listed by Kishon Harbert · License #MI 6501402939

Source Crexi

Added: May 22 Checked: Jul 17 at 1:04 pm

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Investment Insights

Based on property information with market context.

Vacant land is available in Detroit, presenting a development opportunity. The parcel is located within a commercial zoning district, offering flexibility for various potential uses. The property is situated near major roads and surrounding amenities. Sale is contingent upon execution of a Detroit Land Bank Authority (DLBA) Development Agreement. The DLBA is entitled to a tax recapture for the five tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Key Highlights

• Opportunity for development in Detroit.
• Located in a commercial zoning district, allowing for flexible uses.
• Situated near major roads and surrounding amenities.

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FAQs

What type of property is this?

Commercial land - Vacant land in Detroit, great development opportunity.

Where is this commercial land located?

The property is located at 20444 Schoolcraft Detroit, MI.

What are key features of this property?

This property features: Opportunity for development in Detroit.; Located in a commercial zoning district, allowing for flexible uses.; Situated near major roads and surrounding amenities.