4414, 25th, Detroit, MI, 48208
Basics
Description
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Description:
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 9 lots are included in the sale, 4420, 4426, 4432. 4438. 4444, 4450, 4456, 4462 25th. 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.
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Location
- Directions: Warren to Street, South.
Amenities & Features
- Utilities: Public Water Connected, Public Sewer Connected, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available
Fees & Taxes
- Tax Assessed Value: 0
- Tax Year: 0
- Tax Annual Amount: 0
School Information
- High School District: Detroit
Miscellaneous
- CrossStreet: Warren and I-96
- Listing Terms: Cash
