Residential Land for Sale in Detroit, Michigan

3466 Lincoln St Detroit, MI 48208

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$150,000
0.24 acres
pending saleUnder contract

This property is bundled with 3490, 3491,Licoln (across the street)lots total= 19,442and 3481, 3475, 3501,3507 Lincoln. Not sold separately. The 5 lots total= 31,442 sqft. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Note that the 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 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.

Directions

TAKE MARTIN LUTHER KING JR BLVD HEADED EAST. PASS TRUMBULL, PASS GRAND RIVER AVE, MAKE LEFT ONTO LINCOLN

Location

Street Address
3466 Lincoln St
Community
Hodges Bros Sub of Ols 98 -99-102&103 (Plats)
School District
Detroit
Elevation
610 feet
Coordinates
42.3425, -83.0715

Property details

Zoning
Residential
MLS Number
REALCOMP 20230018689
Date Posted

Parcels

  • 06005417.

Legal description

This 0.24-acre property is located at 3466 Lincoln St in Detroit, MI 48208 with latitude 42.3425 and longitude -83.0715. The property is currently pending sale for $150,000 with a price per acre of $625,000. Listing data is sourced from Realcomp Limited II # 20230018689.

Verify sale details at the property source or contact RCH Brokerage Legacy at (248) 440-2268.

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Copyright (C) 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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