LOT SIZE 0.160 acres
MLS#20261034820
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONMc Keowns Sub
SCHOOLDetroit
Property Description
North Corktown development opportunity. Located a few minutes from Motor City Casino. 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. Buyer agent to confirm details. *Includes 1547 and 1559 Elm.
Property Features
Property Type: Land - Residential
Lot Size: 0.16 Acres
Feature Descriptions
Days on Site: 1
Lot Dimensions: 0.16 Acre(s)
Road Frontage: Paved
Sewer: Sewer (Sewer-Sanitary), Sewer at Street
Summer Tax: $1.0000
Water: Public (Municipal), Water at Street
Winter Tax: $1.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Next Level Realty & Investments
Agency Phone: (734) 506-0076
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 147.13 per month $139.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $7.29 Homeowner's Insurance
1547 Elm Street | MLS# 20261034820
This land located at 1547 Elm Street , Detroit, MI 48216 is currently listed for sale with an asking price of $25,000. The property has approximately 0.16 Acres. Elm Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.