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Vacant structure on a large lot. Located in the industrial district a couple minutes outside of Hamtramck. Zoning is M4. 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 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
Age: Over 50 Years Old
Architecture Style: Other
Floors: 1
Legal Description: S CYMBAL 31 THRU 34 KOSCIUSZKO SUB L32 P91 PLATS, W C R 15/168 120 X 95