$14,000 for Sale
1950 blaine street, detroit, MI 48206
Property Description
***EXCITING DEVELOPMENT OPPORTUNITY IN POPULAR VIRGINIA PARK*** This vacant parcel is in a prime area for new builds and includes 1950 Blaine and 1954 Blaine. This parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property is located in the Virginia Park neighborhood and offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
General Information
Sale Price: $14,000
Price/SqFt:
Status: Active
MLS#: 20251060669
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: austins sub of pt of 1/4 sec 47plats
Acres: 0.19
Lot Dimensions: 42x83
Size:
Acreage: 0.19 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Legal Description: N BLAINE 301-302 AUSTINS SUB L30 P45 PLATS, W C R 8/129 67.79 IRREG

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Listing By: Catina Willis of Next Level Realty & Investments, Phone: (734) 506-0076