9804 DEXTER Avenue Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20230045867
Originating Board Realcomp
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 155 x 120
Property Description
Great opportunity on this commercial zoned vacant lot. Located a few minutes outside of Downtown Detroit and close to major expressways. 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 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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction E of Livernois and N of Chicago
Exterior
Waterfront No
View Y/N No
Others
Tax ID 12010478.
Acceptable Financing Cash
Listing Terms Cash