Detroit, MI 48206
MLS# 20261087266
Excellent development opportunity in Detroit’s historic Virginia Park neighborhood! This 9,591 SF (approximately 0.22-acre) vacant parcel features approximately 66 feet of frontage by 145 feet of depth, is zoned SD1 (Special Development District), and has clear title. Conveniently located near The Congregation and Boston Edison Neighborhood, this parcel offers an opportunity for new development in a growing community. Bring your proposals demonstrating the highest and best use! The Detroit Land Bank Authority (DLBA) encourages qualified developers and investors to submit proposals that maximize the site's potential and complement the surrounding neighborhood. Applicants must submit a detailed development proposal, scope of work, site plan, proof of relevant development experience, and proof of funds sufficient to cover both acquisition and development costs. DLBA Disclosure: The DLBA is entitled to a tax capture for five (5) tax years following the transfer of ownership, which may conflict with available tax abatements or lot combinations. Waiver requests are reviewed on a case-by-case basis and may require a payment in lieu of taxes (PILOT). All proposals are subject to DLBA review and required approvals. Property is sold as-is. Buyers are responsible for verifying zoning, permitted uses, and development feasibility.
Listed by Catina Willis · Next Level Realty & Investments
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$126/mo
$5,000 down · $20,000 financed
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