MI
Wayne
Detroit City
48206
1950 Blaine Street
1950 Blaine Street, Detroit City, MI 48206
Share Listing
Listing Type
Lots/Land
Listing Status
Active
5
$14,000

Home Details for 1950 Blaine Street

Price
$14,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.19
County
Wayne
Garage
Days on site
0
MLS Listing#
20251060669
Property Description

***EXCITING DEVELOPMENT OPPORTUNITY IN POPULAR VIRGINIA PARK*** This vacant parcel is in a prime area for new builds and includes 1950 Blaine and 1954 Blaine. This parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property is located in the Virginia Park neighborhood and 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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
Listing Courtesy: Next Level Realty & Investments - 734-506-0076
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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