2
See all 2 photos
$20,000
Est. payment /mo
3,049 Sqft Lot
Active
3016 Beals 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 Beals & Camerons
MLS Listing ID 20261073133
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type ImprovedLand
Property Description
PRIME ISLANDVIEW INFILL DEVELOPMENT OPPORTUNITY! Two adjacent Detroit Land Bank Authority (DLBA) parcels located at 3016 & 3010 Beals Street in Detroit's desirable Islandview neighborhood. Zoned R2, these side-by-side lots present an excellent opportunity for builders, developers and investors seeking residential infill potential in an area experiencing continued investment and redevelopment. The combined site provides the opportunity to create a thoughtfully designed residential project that complements the surrounding neighborhood and contributes to Detroit's growing housing stock. Ideal for a developer looking to capitalize on the location, neighborhood connectivity and proximity to some of Detroit's most recognized destinations. Located minutes from Belle Isle, the Detroit Riverfront and RiverWalk, East Jefferson corridor, Eastern Market and Downtown Detroit, with convenient access to dining, shopping, parks, recreation, major thoroughfares and employment centers. The Islandview location offers an attractive combination of established residential character and ongoing redevelopment, making these parcels well suited for an infill project designed for today's urban buyer. Purchase and development are subject to DLBA guidelines, proposal requirements and applicable development timelines. Buyer/developer is responsible for verifying zoning, permitted uses, setbacks, lot dimensions, utility availability, building requirements and all proposed plans with the City of Detroit and DLBA. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Area05053Detwoodwardmcclellansomack
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, QuitClaimsDeed
Listing Terms Cash, QuitClaimsDeed
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Natasha C Richards of Bellabay Realty Tri Counties
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