$75,000 for Sale

5957 rosa parks boulevard, detroit, MI 48208

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Property Description
RARE OPPORTUNITY to acquire an oversized 18,374 sq. ft. (0.42-acre) development site with approximately 115 feet of frontage on Rosa Parks Boulevard. This exceptional parcel offers outstanding potential for residential infill development, including single-family homes, duplexes, townhomes, or other housing opportunities, subject to City of Detroit zoning and approvals. Ideally located just minutes from New Center, the Motown Museum, Henry Ford Hospital, Downtown Detroit, Midtown, and major freeways, this property is positioned in an area experiencing continued public and private investment. Whether you're a builder, developer, or long-term investor, this site offers the opportunity to create new housing in one of Detroit's most recognizable growth corridors.. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
General Information
Sale Price: $75,000
Price/SqFt:
Status: Active
MLS#: 20261028035
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: sibley place sub
Acres: 0.42
Lot Dimensions: 160X114.84
Size:
Acreage: 0.42 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $1
Legal Description:  W TWELFTH 10 THRU 14SIBLEY PLACE SUB L11 P66 PLATS, W C R 8/74 160 X 114.84


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(810) 874-9992 Call Brian McFarlin for more information about this property.

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