3466 LINCOLN Street Pending Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Hodges Bros Sub Of Ols 98 -99-102&103 (Plats)
MLS Listing ID 20230018689
Originating Board Realcomp II Ltd
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 89 x 120
Property Description
This property is bundled with 3490, 3491,Licoln (across the street)lots total= 19,442and 3481, 3475, 3501,3507 Lincoln. Not sold separately. The 5 lots total= 31,442 sqft. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Direction TAKE MARTIN LUTHER KING JR BLVD HEADED EAST. PASS TRUMBULL, PASS GRAND RIVER AVE, MAKE LEFT ONTO LINCOLN
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 06005417.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash