537 Jefferson, Detroit, MI 48207

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. Over 12,000 sqft. of vacant land perfect for your new development ideas. Located in the Islandview subdivison. Total property consists of 7 total lots and is designated SD4. Sale includes: 499, 527, 535,521,505, and 515 Jefferson ct. 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 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

Listing Status:

Active

Date Added:

July 8, 2024 at 05:00AM

Listing Office:

Real Estate One-Southfield : 248-723-0055

Listing Agent:

Gene Kelley : 248-506-1257

MLS ID:

60321548

Location

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

Lot

• Zoning: W JEFFERSON CT N 19.25 FT OF S 23 FT 4 SCULLENS SUB L25 P28 PLATSW C R 15/11 19.25 X 47.25

Utilities

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

Financial

• Source: MiRealSource

This listing courtesy of Gene Kelley, Real Estate One-Southfield