3
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$18,000
Est. payment /mo
1,742 Sqft Lot
Active
7719 E Lafayette ST Detroit, MI 48214
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Key Details
Property Type Vacant Land
Sub Type ImprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Wessons Sub Of Lts 19 Th Ru 24
MLS Listing ID 20261001930
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type ImprovedLand
Property Description
Prime development opportunity in Detroit's Islandview neighborhood, offering endless potential in a rapidly developing residential area. Located just minutes from Detroit's riverfront, Belle Isle, and Downtown Detroit, these parcels provide an ideal canvas for new residential construction in a vibrant and growing community. Convenient access to major corridors, neighborhood amenities, and ongoing redevelopment makes this an excellent opportunity for builders, developers, or long-term investors. This sale includes land on 1000 Baldwin and 7719 E. Lafayette. 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.
Location
State MI
County Wayne
Area Area05053Detwoodwardmcclellansomack
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Catina Willis of Next Level Realty & Investments
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