302 MOUNT VERNON Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48202 3439
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 40090273
Style Vacant Land
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00X110.00
Property Description
Great property for infill building located in Detroit’s bustling North End neighborhood. This property is within walking distance to the Q-Line and New Center Area. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash