$114,000

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5230 Linwood Street Detroit, MI, United States 48208

Welcome to the latest offering from the Detroit Landbank Authority. 4 buildable lots just waiting for your development ideas. Over 15,000 sqft. of land to create the ultimate project. Sale includes 5248,5249 and 5254 Linwood. The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walk ability. 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 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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Vacant Land
  • Home size: 0 ft2 / 0 m2
  • MLS: 20240093459
  • Status: Active

Property brokered by

Real Estate One, Inc.

(248) 208-2900

Get more listing details on brokerage site

Presented by Eugene Kelley II

  • (248) 506-1257

Contact Eugene Kelley II

Contact Agent

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