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+15868545396
Community Choice Realty
5957 Rosa Parks Boulevard, Detroit, MI 48208 1740
- $75,000
- List Price
- $75,000
- Status
- ACTIVE
- MLS#
- 60986690
- Days on Market
- 182
- Acres
- 0.42
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Sibley Place Sub
Property Description
RARE OPPORTUNITY to acquire an oversized 18,374 sq. ft. (0.42-acre) development site with approximately 115 feet of frontage on Rosa Parks Boulevard. This exceptional parcel offers outstanding potential for residential infill development, including single-family homes, duplexes, townhomes, or other housing opportunities, subject to City of Detroit zoning and approvals. Ideally located just minutes from New Center, the Motown Museum, Henry Ford Hospital, Downtown Detroit, Midtown, and major freeways, this property is positioned in an area experiencing continued public and private investment. Whether you're a builder, developer, or long-term investor, this site offers the opportunity to create new housing in one of Detroit's most recognizable growth corridors.. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Additional Information
- Lot Dimensions
- 160 x 114.84
- Sewer
- Public At Street
- Water
- Public Water at Street, Community
- School District
- Detroit City School District
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Listing Courtesy of Next Level Realty & Investments, Office Phone: 734-506-0076
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.