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Residential Land for Sale in Detroit, Michigan

571 E Edsel Ford Fwy, Detroit, MI 48202

$130,000
0.1 acres
Active
Est $1,034/mo

New Build Opportunity! 9 lots included in the sale include 571 E. Edsel Ford Fwy, 587 Edsel. Ford Fwy, 581 E. Ford Fwy, 5923 St. Antoine, 590 Harper, 580 Harper, 574 Harper, 566 Harper, 556 Harper. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS

Location

Street address
571 E Edsel Ford Fwy
Community
Ferry & Lysters Sub (Plats)
School district
Detroit
Elevation
633 feet
Coordinates
42.3673, -83.0624

Property details

Lot size
0.1 acres4,356 sq ft
Zoning
Residential
MLS #
REALCOMP 20240024630
Posted

Parcels

  • 03001683.

Legal description

Listing history

DateEventPriceChangeSource
July 26, 2024New listing$130,000REALCOMP
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This 0.1-acre property is located at 571 E Edsel Ford Fwy in Detroit, MI 48202. The property is available for sale for $130,000.

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