MI
Wayne
Detroit City
48235
16211 SCHAEFER Hwy
16211 SCHAEFER Hwy, Detroit City, MI 48235
Share Listing
Listing Type
Lots/Land
Listing Status
pending
8
$12,511

Home Details for 16211 SCHAEFER Hwy

Price
$12,511
Type
Land
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Lot size acres
0.25
County
Wayne
Garage
Days on site
442
MLS Listing#
20240044851
Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. Over 10,000 sqft of vacant land available for you to build your next multiunit dwelling. Flanked by other residential offerings we are sure that you will find a suitable use for this space. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Property Features
  • Utilities
    • Sewer Available
    • Water Available
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • WateratStreet
Listing Courtesy: Real Estate One-Southfield - 248-723-0055
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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