MI
Wayne
Detroit City
48214
2499 TOWNSEND Street
2499 TOWNSEND Street, Detroit City, MI 48214
Share Listing
Listing Type
Lots/Land
Listing Status
pending
5
$20,000

Home Details for 2499 TOWNSEND Street

Price
$20,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.1
County
Wayne
Garage
Days on site
40
MLS Listing#
20240026571
Property Description

This site qualifies for West Village NEZ for Infill Development. The DLBA expectation for these lots is a new build/ground-up development. THIS BUNDLE INCLUDES 2499 TOWNSEND, 2505 TOWNSEND AND MUST BE PURCHASED TOGETHER. Check out this latest offering from the Detroit Land Bank Authority located at Vernor Hwy and Grand Blvd in the Islandview neighborhood. This TWO lot bundle is conveniently located 7 minutes from Eastern Market and only a short distance to Downtown Detroit. The City of Detroit announced they are investing millions to improve the up-and-coming area. Check out the nearby New Butzel Playfield as well as improvements to Marcus Garvey Academy. Please note that the DLBA 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 abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
Listing Courtesy: Keller Williams Realty-Great Lakes - 586-541-4000
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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