Welcome to the latest offering from the Detroit Land Bank Authority. Over 10,000 sqft of vacant land available for you to build your next multiunit dwelling. Flanked by other residential offerings we are sure that you will find a suitable use for this space.
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 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
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 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Property Details
Price:
$12,511
MLS #:
20240044851
Status:
Pending
Beds:
0
Baths:
0
Type:
Land
Subtype:
Unimproved Land
Subdivision:
MONNIER-COLLEGE PARK PLATS
Neighborhood:
05042 – Det 6-Tire – Grnfld – Livernois
Listed Date:
Jul 8, 2024
Lot Size:
10,890 sqft / 0.25 acres (approx)
See this Listing
Schools
School District:
Detroit
Interior
Exterior
Financial
Map
Community
- Address16211 SCHAEFER Detroit MI
- SubdivisionMONNIER-COLLEGE PARK (PLATS)
- CityDetroit
- CountyWayne
- Zip Code48235
Market Summary
Property Summary
- Located in the MONNIER-COLLEGE PARK (PLATS) subdivision, 16211 SCHAEFER Detroit MI is a Land for sale in Detroit, MI, 48235. It is listed for $12,511 and features 0 acres. To schedule a showing of MLS#20240044851 at 16211 SCHAEFER in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
Similar Listings Nearby
16211 SCHAEFER
Detroit, MI