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.
-
3BEDS
-
0.1ACRES
-
1BATHS
-
01/2 BATHS
-
1,779SQFT
-
$6$/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.
IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-12-10T23:57:04.94.
IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri Counties: (248) 274-6614 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.