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$ 49,900
Est. payment /mo
Active
562 Westminster 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 20261034992
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 50X115
Source Realcomp
Property Description
Located in the Detroit's popular North End neighborhood ,this vacant lot is bundled with 578, 570, 552, and 542 Westminster. A total of 5 lots. Totaling= 28,750sqft. Not sold separately. Zoned R3. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our 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 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 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 proforma and effect of any tax abatement on the purchase and development financing. BATVAI
Location
State MI
County Wayne
Zoning Residential
Direction Take Chicago Blvd head east pass Woodward. Make right onto Brush St. Then make a left onto Westminster. Property on right side.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W03I002627S
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc