Investment Opportunity for infill residential development located near Detroit’s Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Esti. Sale includes 7 adjacent lots 4444, 4402, 4410, 4418, 4424, 4428, 4434 & 4440 Grandy. Sale contingent on buyer/seller executed development agreement. 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.
Property Details
Price:
$8,000
MLS #:
20240047510
Status:
Active
Beds:
4
Baths:
2
Address:
4444 GRANDY ST
Type:
Land
Subtype:
Improved Land
Subdivision:
GRANDYS PLAT OF SUB OF LOT 56 & LOTS 64 & 66
Neighborhood:
05052 – Det: 6-Mack I75-Conner
City:
Detroit
Listed Date:
Jul 3, 2024
State:
MI
ZIP:
48207
Lot Size:
2,614 sqft / 0.06 acres (approx)
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
2 Full Bathrooms
Exterior
Financial
Map
Community
- Address4444 GRANDY ST Detroit MI
- SubdivisionGRANDYS PLAT OF SUB OF LOT 56 & LOTS 64 & 66
- CityDetroit
- CountyWayne
- Zip Code48207
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