4444 GRANDY Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48207
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240047510
Originating Board Realcomp
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 27.00 x 102.00
Property Description
Investment Opportunity for infill residential development located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Esti. Sale includes 7 adjacent lots 4444, 4402, 4410, 4418, 4424, 4428, 4434 & 4440 Grandy. Sale contingent on buyer/seller executed development agreement. 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 and lot combinations 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction S of Forest/E of Dequindre
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W11I003643S
Acceptable Financing Cash
Listing Terms Cash