2218 VAN DYKE ST Detroit MI 48214 MLS #20221011828

An awesome opportunity to develop land right in the Historic Island View/Greater Villages neighborhoods. This lot is sold in a bundle of 4 vacant lots with 2226,2242,2248 Van Dyke. Not sold separately. Hantz Farms owns the 2 pieces between these parcels. This location could not be better literally right next to the Parker Durand $22.5M dollar development which will be a 4 story, 92-unit mixed used development at the corner of Kercheval and Mack. Within walking distance to West Village shops, restaurants, Biergarten, and Belle Isle. Please 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. Please see attached documents for DLBA requirements and offer submission information.