12945 Puritan Ave Detroit, MI 48227
- Land
Current Use by Public Records
- Land
Property Details for 12945 Puritan Ave
- Property type
- Land
Description
This exceptional 4,277 square foot commercial land parcel, located at 12945 Puritan Ave, Detroit, MI 48227, presents a unique infill development opportunity. Zoned B2, this property is ideally suited for small- to medium-scale projects aimed at increasing housing density and enhancing neighborhood walkability. Prospective buyers are encouraged to review the Detroit Land Bank Authority (DLBA) proposal guidelines for new build opportunities, ensuring compliance with their requirements for proof of funds (meeting or exceeding development costs). It's crucial to note that the DLBA retains tax capture rights for five years post-sale, potentially impacting the feasibility of certain tax abatements. While the DLBA may consider waiving these rights, a payment in lieu of taxes might be required, determined by a review of the development proforma and any tax abatement's effect on financing. Further details regarding DLBA requirements and offer submission are available in accompanying documentation. The property is being sold "as is," where is. Interested parties should familiarize themselves with the City of Detroit's Planning and Development Department's Neighborhood Framework Plans for comprehensive neighborhood context.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1726
- Latitude
- 42.4092
