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Residential Land for Sale in Detroit, Michigan

2203 Lothrop St, Detroit, MI 48206

$20,000
0.2 acres
Active
Est $197/mo

Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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

Street address
2203 Lothrop St
Community
Lasalle Gardens (Plats)
School district
Detroit
Elevation
630 feet
Coordinates
42.3632, -83.0953

Directions

N. of W. Grand Blvd., W. of 14th.

Property details

Lot size
0.2 acres8,712 sq ft
Zoning
Residential
MLS #
REALCOMP 20240024655
Posted

Parcels

  • 10001083.

Legal description

Listing history

DateEventPriceChangeSource
Mar 27, 2024New listing$20,000MichRIC
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This 0.2-acre property is located at 2203 Lothrop St in Detroit, MI 48206. The property is available for sale for $20,000.

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