The newest offering from Detroit Land Bank Authority has incredible potential for investors and developers alike. This bundled package includes 4 congruent lots - totalling 14,256 sq ft or roughly 0.33 acres. The addresses (554 Concord, 540 Concord, 548 Concord, 534 Concord) are all to be sold together. These vacant… Read More lots provide space for expansion or new construction. Conveniently located in a growing area, this is a rare chance to acquire multiple properties with endless possibilities. Don't miss out on this lucrative investment - schedule your showing today! 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. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement 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 development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the 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. Read Less
Courtesy of Keller Williams Realty-Great Lakes.
Listing Snapshot
Days Online
25
Last Updated
Property Type
Vacant Land
Lot Size
0.08 Acres
MLS Number
60975368
30 Days Snapshot Of 48207
$186k
+118%
(avg) sold price
12
-20%
homes sold
64
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Water Features
Public Water at Street
Lot
Lot size: 33X107.64, 0.08 acres
Property
Residential
Sewer
Public At Street
Taxes
Total: $0
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