Vacant Commercial
8544 W Chicago Detroit, MI 48204
For Sale
Contact for pricing
Vacant lot on W Chicago Street, positioned for small- to medium-scale infill development proposals.
Days on Market1135
Property Features for 8544 W Chicago
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: Jun 16, 2023
Changed: Jul 22
Last Checked: Jul 23 at 7:09AM
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 vacant commercial lot is available for for-sale acquisition and is ready for a new development project. The property is being marketed in connection with proposal intake for small- to medium-scale infill development.
The lot is located on high-traffic W Chicago Street. Interested buyers should review the DLBA’s proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
Please note that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment would be determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The lot is located on high-traffic W Chicago Street. Interested buyers should review the DLBA’s proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
Please note that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment would be determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant lot on high‑traffic W Chicago Street
- Suitable for small- to medium‑scale infill development proposals
- DLBA is seeking projects to increase housing supply and restore the urban fabric, density, and walkability
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Vacant lot on W Chicago Street, positioned for small- to medium-scale infill development proposals.
Where is this commercial land located?
The property is located at 8544 W Chicago 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 lot on high‑traffic W Chicago Street; Suitable for small- to medium‑scale infill development proposals; DLBA is seeking projects to increase housing supply and restore the urban fabric, density, and walkability
