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435 MARTIN LUTHER KING JR BLVD DETROIT, MI 48201
- Vacant Land / Resale (MLS)
Property Details for 435 MARTIN LUTHER KING JR BLVD, DETROIT, MI 48201
Features
- Lot Size: 9583 sq. ft.
Facts
- Property ID: 877733459
- MLS Number: 20240022249
- Parcel Number: 02000724-5
- Property Type: Vacant Land
- County: WAYNE
- Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. S MYRTLE 9 BLK 87--PLAT PT CASS FARM L1 P172 PLATS, W C R 2/72 50 X 190 SPLIT/COMBINED ON 12/20/2018 FROM 02000724., 02000725.;
- Zoning: SD2
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Nearly a acre lot in Midtown with high-visibility and flexible zoning! This Detroit Land Bank Authority property is located between Cass and Second on the southside of MLK. Just minutes from Wayne State University, Little Caesars Arena, Brush Park and Downtown. The property is zoned SD2 with great development potential. nn nnPlease 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.nncommit;nn
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Property Brokerage:
Real Estate One
26261 Evergreen Road Ste 180
Southfield
MI
48076
Copyright © 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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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