$10,000

This DLBA-owned lot is located in Detroit's historic Boston-Edison neighborhood. The 7,405-square-foot vacant parcel features approximately 56 feet of frontage and 134 feet of depth and is zoned R1 (Single-Family Residential), offering an opportunity for residential infill development, subject to applicable zoning requirements and development approvals. Situated between Rosa Parks Boulevard and Woodrow Wilson Street, all proposed development plans and designs are subject to Historic District Commission review and approval. The parcel will be conveyed with clear title. Conveniently located between Rosa Parks Blvd. and Woodrow Wilson, the property provides easy access to major roadways, shopping, dining, schools, parks, recreation, and the many amenities of northwest Detroit. Whether you are looking to build, invest, or contribute to the continued revitalization of the Boston Edison community, this parcel offers an excellent opportunity to bring your vision to life. Any proposed plan and design are subject to Historic District Commission approval. Purchaser is responsible for verifying zoning, utilities, lot dimensions, permitted uses, Historic District requirements, and all development requirements with the City of Detroit and applicable governmental agencies. Property is offered through the Detroit Land Bank Authority and is sold AS-IS. Sale is subject to all Detroit Land Bank Authority requirements and approval. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes (PILOT) as a condition of approval. Any payment will be determined after review of the development pro forma and the impact of tax abatements on the purchase and development financing.