5500 TALBOT Street Active Save Request In-Person Tour Request Virtual Tour
Hamtramck,MI 48212 2814
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60334888
Style Vacant Land
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 20 x 218
Property Description
This property is in a 3 lot bundle with 5506 and 5510 Talbot. All Totaling 10,373 sqft. Not sold separately. Lots zoned R2.The DLBA is seeking proposals 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
Location
State MI
County Wayne
Area Hamtramck (82056)
Zoning Residential
Building
Water Public Water
Schools
School District Hamtramck Public Schools
Others
Ownership Government Owned
Financing Cash