435 MARTIN LUTHER KING JR Boulevard Pending Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48201
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Cass Farm L1 P172 Plats
MLS Listing ID 20240022249
Annual Tax Amount $4,710
Lot Size 9,583 Sqft
Property Description
Nearly a ¼ acre lot in Midtown with high-visibility and flexible zoning! This Detroit Land Bank Authority property is located between Cass and Second on the southside of MLK. Just minutes from Wayne State University, Little Caesars Arena, Brush Park and Downtown. The property is zoned SD2 with great development potential.
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.”
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multiple,Residential
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash,Quit Claims Deed
Listing Terms Cash,Quit Claims Deed