3409 TILLMAN St Detroit, MI 48208

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Source Elliman

Added: Jul 19 Updated: Jul 20 at 2:26AM Checked: Jul 22 at 8:12AM

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Investment Insights

Based on property information with market context.

This parcel is zoned B4 and presented as a commercial build opportunity. Interested buyers should consult the proposal guidelines for new build opportunities associated with the property.

The site is described as within walking distance of Corktown, the Social District, and the Ford Train Station. WalkScore and bikeScore ratings are provided in the remarks, along with a transitScore.

The remarks 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 available tax abatement, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on purchase and development financing.

Key Highlights

• Zoned B4 commercial land build opportunity
• Within walking distance to Corktown and the Ford Train Station
• DLBA tax capture applies for the 5 tax years after transferring ownership

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FAQs

What type of property is this?

Commercial land - Zoned B4 commercial land offered as a build opportunity near Corktown and the Ford Train Station.

Where is this commercial land located?

The property is located at 3409 TILLMAN St 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 commercial land build opportunity; Within walking distance to Corktown and the Ford Train Station; DLBA tax capture applies for the 5 tax years after transferring ownership