1251 Concord Street, Detroit, MI 48207
1251 Concord Street, Detroit, MI 48207
1251 Concord Street, Detroit, MI 48207
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$25,000
Est. payment /mo
0.25 Acres Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251061394

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 71.1X153.27

Source Realcomp

Property Description

This property is listed in a bundle with the following contiguous parcels and must be sold together: 1251 Concord and 1245 Concord. These must be purchased together and cannot be split. Zoned residential, the property provides excellent potential for a new build/infill development opportunity. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects:(include addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the 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

Zoning Residential

Direction St Paul to Concord

Exterior

View Y/N No

Schools

School District Detroit

Others

Tax ID W15I011751S

Acceptable Financing Cash

Listing Terms Cash

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Listed by Keller Williams Realty-Great Lakes

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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