26
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$50,000
Est. payment /mo
3,484 Sqft Lot
Active
3407 Van Dyke 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 Van Dyke Farm Sub Of Lts 38 39 & 40
MLS Listing ID 20261071261
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type ImprovedLand
Property Description
Islandview Development Opportunity – 10-Parcel Assemblage | Approx. 33,447 SF
Exceptional opportunity to acquire 10 contiguous vacant parcels totaling approximately 33,447 SF (0.77 acres) in Detroit's Islandview neighborhood along the Van Dyke corridor. The parcels are offered together as one development package and are zoned R2 (Two-Family Residential District).
The package includes 3097, 3093, 3087, 3081, 3075, 3069, 3063, 3055, 3403, and 3407 Van Dyke - All parcels come with clear title. Located along the Van Dyke corridor, these parcels offer excellent visibility and convenient access to major roadways, shopping, dining, schools, parks, public transportation, and many of Detroit's key destinations. The surrounding area continues to benefit from ongoing investment and revitalization, making this an exciting opportunity for future development. All parcels must be sold together as one package. Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: DLBA 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 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.
Exceptional opportunity to acquire 10 contiguous vacant parcels totaling approximately 33,447 SF (0.77 acres) in Detroit's Islandview neighborhood along the Van Dyke corridor. The parcels are offered together as one development package and are zoned R2 (Two-Family Residential District).
The package includes 3097, 3093, 3087, 3081, 3075, 3069, 3063, 3055, 3403, and 3407 Van Dyke - All parcels come with clear title. Located along the Van Dyke corridor, these parcels offer excellent visibility and convenient access to major roadways, shopping, dining, schools, parks, public transportation, and many of Detroit's key destinations. The surrounding area continues to benefit from ongoing investment and revitalization, making this an exciting opportunity for future development. All parcels must be sold together as one package. Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: DLBA 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 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.
Location
State MI
County Wayne
Area Area05053Detwoodwardmcclellansomack
Interior
Fireplace No
Exterior
Community Features Culvert, Sidewalks
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
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