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288 Belmont Street Detroit, MI 48202
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251061409
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45X128
Source Realcomp
Property Description
Opportunity to own 4, connected, VL parcels in Detroit's North End! This property is listed in a bundle with the following four contiguous parcels: 278 Belmont, 288 Belmont, 296 Belmont, and 302 Belmont, and must be sold together. These must be purchased together and cannot be split. Zoned residential, the property offers excellent potential for a new-build/infill development opportunity. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2.Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects (include addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new-build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the DLBA is entitled to tax capture for the 5 tax years subsequent to the transfer of ownership of the property. The tax capture maybe incompatible with tax abatement 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 pro forma and the effect of any tax abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction North on John R Street to Belmont Street
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W01I003233S
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes