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2363 ELMHURST Street Detroit, MI 48206
3,920 Sqft Lot
UPDATED:
11/04/2024 06:51 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240028506
Originating Board Realcomp
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30 x 127
Property Description
Two property deal. Sold with 2373 Elmhurst. Both lots total 16,401 sqft. Property zoned as R3. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE CHICAGO HEADED EAST PASS DEXTER. MAKE LEFT ONTO LINWOOD. MAKE RIGHT ONTO ELMHURST.
Exterior
View Y/N No
Others
Tax ID 08003549.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc