1588 ELM Pending Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48216
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Plat Of Pc 27 Lognon Farm (Plats)
MLS Listing ID 219033821
Originating Board Realcomp II Ltd
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 100.00 X 31.00
Property Description
Vacant Lot - New Build Opportunity. Purchaser must submit a development plan that includes scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Incomplete proposals will not be considered. 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 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. Contact agent for additional details.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Direction Trumbell Ave to Elm Street
Exterior
Road Frontage Paved
Building
Sewer Sewer at Street
Water Water at Street
Schools
School District Detroit
Others
Tax ID W08I006474S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash