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$20,000
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3,049 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261073128
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X102
Source Realcomp
Property Description
PRIME ISLANDVIEW INFILL DEVELOPMENT OPPORTUNITY! Two adjacent Detroit Land Bank Authority (DLBA) parcels located at 3010 & 3016 Beals Street in Detroit's desirable Islandview neighborhood. Zoned R2, these side-by-side lots present an excellent opportunity for builders, developers and investors seeking residential infill potential in an area experiencing continued investment and redevelopment. The combined site provides the opportunity to create a thoughtfully designed residential project that complements the surrounding neighborhood and contributes to Detroit's growing housing stock. Ideal for a developer looking to capitalize on the location, neighborhood connectivity and proximity to some of Detroit's most recognized destinations. Located minutes from Belle Isle, the Detroit Riverfront and RiverWalk, East Jefferson corridor, Eastern Market and Downtown Detroit, with convenient access to dining, shopping, parks, recreation, major thoroughfares and employment centers. The Islandview location offers an attractive combination of established residential character and ongoing redevelopment, making these parcels well suited for an infill project designed for today's urban buyer. Purchase and development are subject to DLBA guidelines, proposal requirements and applicable development timelines. Buyer/developer is responsible for verifying zoning, permitted uses, setbacks, lot dimensions, utility availability, building requirements and all proposed plans with the City of Detroit and DLBA. 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Zoning Multi-Family,Residential
Direction S. of Mack, W. of Van Dyke
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W17I010415S
Acceptable Financing Cash
Listing Terms Cash
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Listed by Bellabay Realty Tri Counties
Nearby School & Business
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