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48214 Market info

$20,000

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  • 0.1 Acres
  • MLS# 20240026571
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This site qualifies for West Village NEZ for Infill Development. The DLBA expectation for these lots is a new build/ground-up development. THIS BUNDLE INCLUDES 2499 TOWNSEND, 2505 TOWNSEND AND MUST BE PURCHASED TOGETHER. Check out this latest offering from the Detroit Land Bank Authority located at Vernor Hwy and Grand Blvd in the Islandview neighborhood. This TWO lot bundle is conveniently located 7 minutes from Eastern Market and only a short distance to Downtown Detroit. The City of Detroit announced they are investing millions to improve the up-and-coming area. Check out the nearby New Butzel Playfield as well as improvements to Marcus Garvey Academy. 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.

Property Information

Status
Active 
Address
2499 Townsend Street 
City
Detroit 
Zip
48214 
Lot Size
0.10 
Lot Dimensions:
45 x 100 
Zoning
Residential
Water
Public (Municipal) 
Listing Date
05/13/2024 
Subdivision
Boulevard Park Sub (plats ) 
County
Wayne 

School Information

School District
Detroit 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240026571 Active May 13 2024 4:05PM $20,000 145
School Information
Local Business

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Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Keller Williams Realty-Great Lakes
(586) 541-4000
Office Address 28220 Harper

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2499 Townsend Street Detroit
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$20,000
For Sale • Acres: 0.1 • School District: Detroit