2225 W Philadelphia Street, Detroit, Michigan

$10,500

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0.31

Acres

About 2225 W Philadelphia Street

Large vacant lot in the Virginia Park Community. Close to expressways and Downtown Detroit! This bundle includes 2247 W Philadelphia 2225 W Philadelphia, and 2237 W Philadelphia. Must be sold together. Total price is 17,500. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. 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 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.

Features of 2225 W Philadelphia Street

MLS® # 60210472
Price $10,500
Acres 0.31
Type Land
Sub-Type Vacant Land / Dockominium
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 2225 W Philadelphia Street
Area Detroit
Subdivision Austins (plats)
City Detroit
County Wayne
State Michigan
Zip Code 48206 2451

Amenities

Is Waterfront No

School Information

District Detroit City School District

Additional Information

Zoning Residential
Foreclosure Yes
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty-Great Lakes

Listing Map

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