3400 BEALS Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48214
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240063802
Originating Board Realcomp
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30 x 110
Property Description
This lot is sold with 3406,3412,3420,3426 Beals. Together these 5 lots total= 16,495 sqft. Not sold separately. Zoned R2. An awesome opportunity to buy land right in the historic Islandview neighborhood. This location is prime for development, located within walking distance to west village shops, restaurants, and Belle Isle. 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. BATVAI 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 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take Mack Ave headed east. Pass E Grand Blvd. Make a right onto Beals.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 17010425.
Acceptable Financing Cash
Listing Terms Cash