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$25,000
Est. payment /mo
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251060661
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 35X150
Source Realcomp
Property Description
**EXCITING DEVELOPMENT OPPORTUNITY** Residential vacant parcel available in a well located area near the Rosa Parks Boulevard and Grand Boulevard corridor. Situated just minutes from the Motown Museum and the Henry Ford Health System campus expansion, this site offers strong potential for infill development within a growing area. Buyers are encouraged to review comparable sales and surrounding development activity. Sale includes 7427 & 7435 Churchill. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction North of W. Grand Blvd, East of Rose Parks Blvd
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I005740S
Acceptable Financing Cash
Listing Terms Cash
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Listed by Next Level Realty & Investments
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