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$ 290,000
Est. payment /mo
Pending
435 MARTIN LUTHER KING JR Boulevard Detroit, MI 48201
9,583 Sqft Lot
UPDATED:
09/09/2024 04:12 AM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Cass Farm L1 P172 Plats
MLS Listing ID 20240022249
Originating Board Realcomp II Ltd
Annual Tax Amount $4,710
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 50.00 x 190.00
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.”
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
Direction Woodward South to MLK, go west past Cass, South side of the street.
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID W02I000724C5
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
©2024 Realcomp II Ltd. Shareholders
Listed by Gene Kelley II of Real Estate One-Southfield
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