5201 Casmere Street, Hamtramck, MI 48212

Property Description

Welcome to the latest offering from the Detroit land Bank Authority. Calling all developers. 3 vacant lots ready to build. Sale includes 5193 and 5183 casmere. Over 16,000 sqft. of buildable space for you to develop. 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 All showings to be conducted by a licensed agent

Listing Status:

Pending

Date Added:

June 5, 2024 at 05:00AM

Listing Office:

Real Estate One-Southfield : 248-723-0055

Listing Agent:

Gene Kelley : 248-506-1257

MLS ID:

60313480

Location

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

Lot

• Zoning: N CASMERE 251 EXC W 33 FT & EXC ALLEY AS OP SHIPMANS L25 P43 PLATSW C R 13/212 71.01 IRREG

Utilities

• Water: Public Water at Street
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

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