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$49,500
Est. payment /mo
4,791 Sqft Lot
Active
5224 LINWOOD Street Detroit, MI 48208
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024964
Originating Board Realcomp
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 30 x 152
Property Description
This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. 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 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. 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 Grand River & I-94
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 10007345.
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties