This property is listed in a bundle with the following seven contiguous parcels and must be sold together:1207 Concord, 1197 Concord, 1191 Concord, 1185 Concord, 1179 Concord, 1173 Concord, and 1221 Concord.These must be purchased together and cannot be split. Zoned residential, the property provides excellentpotential for a new build/infill… Read More development opportunity. How to Apply: Interested buyers must submit aproposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bankstatement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects:(include addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill developmentto increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyersshould consult the proposal guidelines for new build opportunities. The DLBA also recommends reviewingrelevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department foradditional context about the neighborhood. Please note that the DLBA is entitled to a tax capture for the 5 taxyears subsequent to transferring ownership of the property. The tax capture may be incompatible with taxabatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its taxcapture rights and may require a payment in lieu of taxes to approve such requests. The payment will bedetermined upon reviewing the development proforma and effect of any tax abatement on the purchase anddevelopment financing. Read Less
Courtesy of Keller Williams Realty-Great Lakes.
Listing Snapshot
Days Online
86
Last Updated
Property Type
Vacant Land
Lot Size
0.11 Acres
MLS Number
60962271
30 Days Snapshot Of 48207
$180k
+117%
(avg) sold price
13
-7%
homes sold
64
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Water Features
Public Water at Street
Lot
Lot size: 30X153.27, 0.11 acres
Property
Residential
Sewer
Public At Street
Taxes
Total: $0
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