2984 Beals Street, Detroit, MI 48214
2984 Beals Street, Detroit, MI 48214
2984 Beals Street, Detroit, MI 48214
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$20,000
Est. payment /mo
3,049 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261073126

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 2984 & 2978 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 W17I010411S

Acceptable Financing Cash

Listing Terms Cash

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Listed by Bellabay Realty Tri Counties

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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