2776 25th Street, Detroit, MI 48216
Seven lots are offered together for residential development, with sale requiring a unified purchase across all parcels.
Property Features for 2776 25th Street
General Information
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Investment Insights
Based on property information with market context.
The lots are situated in close proximity to Corktown, with an Alumnifi Soccer Field expected to be coming soon, and downtown Detroit nearby. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
For buyers and developers seeking a multi-lot residential build opportunity, the unified sale structure is an important consideration. Prospective purchasers should also 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 other tax abatements that may be 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, with the amount to be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Seven residential build lots sold together and cannot be separated: 2776, 2784, 2790, 2796, 2800, 2808, and 2814 25th St.
- Property sale is structured to require a single, unified purchase across all seven parcels.
- DLBA tax capture applies for the 5 tax years after transferring ownership of the property.
Property Analytics
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Trade Area within ½ mile
Demographics for 48216, MI