5230 LINWOOD Street, Detroit, MI 48208
5230 LINWOOD Street, Detroit, MI 48208
5230 LINWOOD Street, Detroit, MI 48208
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$114,000
Est. payment /mo
4,791 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20240093459

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 30 x 152

Source Realcomp

Property Description

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.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Residential

Direction i-94 to grand river go south to linwood

Exterior

View Y/N No

Schools

School District Detroit

Others

Tax ID 10007346.

Acceptable Financing Cash

Listing Terms Cash

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Listed by Real Estate One-Southfield

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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