2926 SHERIDAN Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48214
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230101178
Originating Board Realcomp
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30 x 100
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 5 buildable lots located in the highly sought after Islandview community. 2932, 2938,2944,2950 Sheridan also included in the sale. 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 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.The DLBA is looking for Single family, two family, duplex, townhomes, Rear access Garages.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/or 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. Please refer to DLBA proposal guidelines.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction East Grand Blvd south to Charlevoix go east to Sheridan go north.
Exterior
Waterfront No
View Y/N No
Others
Tax ID 17012721.
Acceptable Financing Cash
Listing Terms Cash