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2995 Canton Street

Detroit MI 48207

0.1 ac.
Land
Currently for sale - view listing

Overview

Welcome to the latest offering from the Detroit Land Bank Authority. This Islandview infill lot size is 41x105. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Features

0.1 ac. lot size
Land

Happy sellers in Detroit

90%
90% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Detroit over the last 12 months.

Local market activity for land plots in Detroit

In the last 12 months, 8 land plots similar to 2995 Canton Street, have been sold.

This represents a 50% increase in land plots sales when compared to the previous 12 months.

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(619) 566-0008
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