LOT SIZE 0.160 acres
MLS#20261034820
STATUSAccepting Backup Offers
PROPERTY TYPELand - Residential
SUBDIVISIONM C K E O W N S S U B
SCHOOLDetroit
Property Description
North Corktown development opportunity. Located a few minutes from Motor City Casino. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Buyer agent to confirm details. *Includes 1547 and 1559 Elm.
Property Features
Property Type: Land - Residential
Lot Size: 0.16 Acres
Taxes: $2
Feature Descriptions
Days on Site: 109
Lot Dimensions: 60X115
Parcel#: W08I000760S
Sewer: Public Sewer, Sewer At Street
Summer Tax: 1
Water: Public, Waterat Street
Winter Tax: 1
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Next Level Realty & Investments
Agency Phone: 7345060076
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimate Your Payment
Estimated Payment
$ 63.10 per month $55.64 Principal & Interest $0.17 Property Tax $7.29 Homeowner's Insurance
1547 Elm Street | MLS# 20261034820
This land located at 1547 Elm Street, Detroit, Mi 48216 is currently listed for sale with an asking price of $25,000. The property has approximately 0.16 Acres. Elm Street is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.