3000 14TH, Detroit, Michigan 48216

Property Description

This lot is being sold as a bundle with 3010 14th St, Detroit, 3006 Butternut, Detroit, and 3014 14th St, for $50,000. Amazing Investment Opportunity! Great location! Located in North Corktown near 15th Butternut Park. Located just northwest of downtown Detroit, North Corktown is bordered by I-96, I-75, M-10 (the Lodge freeway) and Martin Luther King Jr. Blvd. This vibrant neighborhood prioritizes public green space, public art access, legacy neighbor support and accessible housing. 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 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 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.