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2499 TOWNSEND Street Detroit, MI 48214
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20240026571
Originating Board Realcomp
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 45 x 100
Property Description
This site qualifies for West Village NEZ for Infill Development. The DLBA expectation for these lots is a new build/ground-up development. THIS BUNDLE INCLUDES 2499 TOWNSEND, 2505 TOWNSEND AND MUST BE PURCHASED TOGETHER. Check out this latest offering from the Detroit Land Bank Authority located at Vernor Hwy and Grand Blvd in the Islandview neighborhood. This TWO lot bundle is conveniently located 7 minutes from Eastern Market and only a short distance to Downtown Detroit. The City of Detroit announced they are investing millions to improve the up-and-coming area. Check out the nearby New Butzel Playfield as well as improvements to Marcus Garvey Academy. Please note that the DLBA 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 Near the New Butzel Playground. On the cusp of West Village in the heart of island view neighborhood
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 17012459.
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes