3010 Beals Street, Detroit, MI 48214 1777
- $20,000
- List Price
- $20,000
- Status
- ACTIVE
- MLS#
- 61032187
- Days on Market
- 1
- Acres
- 0.07
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Beals & Camerons
Property Description
PRIME ISLANDVIEW INFILL DEVELOPMENT OPPORTUNITY! Two adjacent Detroit Land Bank Authority (DLBA) parcels located at 3010 & 3016 Beals Street in Detroit's desirable Islandview neighborhood. Zoned R2, these side-by-side lots present an excellent opportunity for builders, developers and investors seeking residential infill potential in an area experiencing continued investment and redevelopment. The combined site provides the opportunity to create a thoughtfully designed residential project that complements the surrounding neighborhood and contributes to Detroit's growing housing stock. Ideal for a developer looking to capitalize on the location, neighborhood connectivity and proximity to some of Detroit's most recognized destinations. Located minutes from Belle Isle, the Detroit Riverfront and RiverWalk, East Jefferson corridor, Eastern Market and Downtown Detroit, with convenient access to dining, shopping, parks, recreation, major thoroughfares and employment centers. The Islandview location offers an attractive combination of established residential character and ongoing redevelopment, making these parcels well suited for an infill project designed for today's urban buyer. Purchase and development are subject to DLBA guidelines, proposal requirements and applicable development timelines. Buyer/developer is responsible for verifying zoning, permitted uses, setbacks, lot dimensions, utility availability, building requirements and all proposed plans with the City of Detroit and DLBA. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Additional Information
- Lot Dimensions
- 30 x 102
- Water
- Public Water at Street
- School District
- Detroit City School District
Mortgage Calculator
Listing Courtesy of Bellabay Realty Tri Counties, Office Phone: 248-274-6614
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.