Residential Land for Sale in Detroit, Michigan

16211 Schaefer Detroit, MI 48235

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$12,511
0.25 acres
pending saleUnder contract

Welcome to the latest offering from the Detroit Land Bank Authority. Over 10,000 sqft of vacant land available for you to build your next multiunit dwelling. Flanked by other residential offerings we are sure that you will find a suitable use for this space.

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 Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Directions

7 mile east to schaefer go south just before puritan.

Location

Street Address
16211 Schaefer
Community
Monnier-College Park (Plats)
School District
Detroit
Elevation
663 feet
Coordinates
42.411, -83.1798

Property details

Zoning
Residential
MLS Number
REALCOMP 20240044851
Date Posted

Parcels

  • W22I030715S000

Legal description

This 0.25-acre property is located at 16211 Schaefer in Detroit, MI 48235 with latitude 42.411 and longitude -83.1798. The property is currently pending sale for $12,511 with a price per acre of $50,044. Listing data is sourced from Realcomp Limited II # 20240044851.

Verify sale details at the property source or contact Real Estate One at (248) 304-6700.

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Copyright (C) 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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