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3358 16th Street Detroit, MI 48208 2649
3,049 Sqft Lot
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Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 61045852
Style Vacant Land
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30x107
Property Sub-Type Vacant Land
Property Description
RARE FIVE-PARCEL RESIDENTIAL DEVELOPMENT OPPORTUNITY IN NORTH CORKTOWN! Excellent opportunity to acquire five vacant parcels, zoned for residential use, being offered together as a package sale! The package includes 3344, 3352, 3358, 3360 and 3368 16th Street, offering approximately 17,121 total square feet of land. Located in Detroit's desirable North Corktown neighborhood, within the subdivision known as SUB OF PC 44 (ALSO PG 3) (DEEDS), this residentially zoned assemblage presents an exciting opportunity for residential infill development. Conveniently situated near Corktown, Downtown Detroit, neighborhood restaurants, shopping, parks, entertainment and major commuter routes, including I-96 and the Fisher Freeway. A great opportunity for builders, investors and developers looking to expand their footprint in an established Detroit neighborhood. Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Realty-Great Lakes
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