Detroit MI Real Estate & Land For Sale

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. Please 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."

Located at 3926 Second Ave. in Midtown, this .165-acre parcel sits directly adjacent to Selden Standard, Honest Johns, SheWolf and Mad Nice. Zoned SD-2, this land offers versatile development potential, ideal for residential or commercial projects. Its prime location, adjacent to this significant revitalization, provides an excellent investment prospect in one of Detroit's strongest neighborhoods.

This commercial vacant land is steps away from Little Caesars Arena downtown Detroit, in the heart of the city just a block off Woodward Avenue and Cass Avenue in Downtown Detroit! Plenty of new restaurants, projects, and views galore. This property has been surveyed and has marked property lines to accurately know the dimensions of the property. Purchaser to pay $495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

GREAT DEVELOPABLE LAND IN PRIME MIDTOWN LOCATION. METERED ELECTRICAL ON-SITE. ZONED SD-1. AGENT RELATED TO SELLER.