REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 40,000
Est. payment /mo
Active
1157 EDISON Street Detroit, MI 48202
5,227 Sqft Lot
UPDATED:
12/23/2024 08:00 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240024970
Originating Board Realcomp
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 134.00
Property Description
Great investment opportunity located in the Boston/Edison district and close to Henry Ford Hospital, Wayne State Univ., Midtown, & Minutes from Downtown. Lot is 40x133.50 and ready for your dream home! 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. 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 S. Chicago, W. Lodge Fwy.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W06I002387S
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties