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Active
3978 16TH Street Detroit, MI 48208
3,049 Sqft Lot
UPDATED:
01/21/2025 05:47 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230006601
Originating Board Realcomp
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00 x 107.00
Property Description
This vacant lot is bundled with 3984,3990,3996,and 4002 16th. A total of 5 lots. Not sold separately. Totaling= 16,663 sqft. 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 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WARREN HEADED WEST PASS ROSA PARKS, MAKE LEFT ONTO 16TH STREET
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W10I006060S
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc