12800 W Chicago Street, Detroit, MI 48228

Property Description

Vacant lot located on high traffic W Chicago Street ready for your next business venture! 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. 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.

Listing Status:

Active

Date Added:

June 16, 2023 at 05:00AM

Listing Office:

Keller Williams Realty-Great Lakes : 586-541-4000

Listing Agent:

Erick Monzo : 586-808-6436

MLS ID:

60229462

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Detroit City School District
• County: Wayne

Lot

• Zoning: N--W CHICAGO 30 THRU 26GREENFIELD IMPROVEMENT AND SALES COS PLYMOUTH-MEYER RE-SUB L47 P59 PLATSW C R 22/585 108 X 100

Utilities

• Water: Public Water at Street
• Sewer: Public At Street

Financial

• Source: MiRealSource

This listing courtesy of Erick Monzo, Keller Williams Realty-Great Lakes