2173 Townsend St, Detroit, MI 48214

Description

Rare opportunity in Detroit’s Islandview neighborhood!!! This offering includes 12 residential lots, totaling approximately 37,500 square feet, providing strong scale for coordinated infill development. The parcels are zoned R2 (Two-Family Residential), allowing for single-family or two-family residential construction (subject to City approvals). The site presents an excellent opportunity for a small subdivision concept, duplex product, or cohesive new construction development within an established neighborhood near the East Riverfront.
Important Conditions of Sale:
All offers must include proof of funds and a detailed development proposal.
Sale is contingent upon DLBA approval and execution of an option agreement.
Parcels are sold as-is, where-is, with no warranties expressed or implied.
Parcels are sold only as a bundle and cannot be purchased alone. This bundle includes the following addresses: 2151 Townsend, 2157 Townsend, 2161 Townsend, 2167 Townsend, 2173 Townsend, 2179 Townsend, 2185 Townsend, 2191 Townsend, 2197 Townsend, 2203 Townsend, 2170 Sheridan, & 2180 Sheridan.
Purchaser is responsible for surveys, inspections, permitting, site work, and compliance with all applicable regulations.
Properties may be subject to DLBA tax recapture pursuant to state law, requiring payment at closing of a portion of previously extinguished delinquent real property taxes.
Buyers should independently verify zoning regulations, lot dimensions, setbacks, utility access, and overall buildable area. Sale is subject to DLBA proposal guidelines, internal review, and Board approval.