Description
Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas. 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. 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
-
0BEDS
-
0.1ACRES
-
0BATHS
-
01/2 BATHS
-
1,075SQFT
-
$2$/SQFT
Description
Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas. 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. 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
© 2022 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Snyder & Company, Realtors®. Data last updated: 2022-07-06T00:23:11.8.