885 E Grand Boulevard, Detroit, Michigan

$23,658

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0.27

Acres

About 885 E Grand Boulevard

Property zoned as R5. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.

Features of 885 E Grand Boulevard

MLS® # 60230175
Price $23,658
Acres 0.27
Type Land
Sub-Type Vacant Land / Dockominium
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 885 E Grand Boulevard
Area Detroit
Subdivision Assessors Plat Of Lots 1 To 65 Incl Pt 66 Etc
City Detroit
County Wayne
State Michigan
Zip Code 48207

Amenities

Is Waterfront No

School Information

District Detroit City School District

Additional Information

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

Listing Details

OfficeRCH Brokerage Legacy Inc

Listing Map

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