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+15868545396
Community Choice Realty
1716 Merrick Street, Detroit, MI 48208
- $15,000
- List Price
- $15,000
- Status
- ACTIVE
- MLS#
- 61037167
- Days on Market
- 29
- Acres
- 0.03
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Petrequins
Property Description
DEVELOPMENT OPPORTUNITY IN DETROIT! Sale includes 1716 Merrick & 5200 Hecla with a combined 4,213 square feet, zoned R2 and must be sold together for $15k. Bring your vision to this vacant residential lot located in Detroit's Woodbridge area. Conveniently positioned near Grand River Avenue with easy access to Midtown, Corktown, Downtown Detroit and major freeways, this parcel offers an opportunity for an investor, builder or developer looking to add to Detroit's continued neighborhood growth. Enjoy convenient access to Wayne State University, Midtown's cultural and entertainment district, shopping, restaurants, neighborhood parks and Downtown Detroit attractions. Nearby destinations include the Detroit Institute of Arts, Michigan Science Center, Little Caesars Arena, MotorCity Casino and the growing Corktown/Michigan Avenue corridor. Great opportunity to invest, build and become part of Detroit's continued revitalization and benefit from the NEZ-Homestead neighborhood property tax abatement!! 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
- 40 x 30
- Water
- Public
- School District
- Detroit City School District
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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.