3093 Van Dyke St, Detroit, MI 48214

Description

Islandview Development Opportunity – 10-Parcel Assemblage | Approx. 33,447 SF Exceptional opportunity to acquire 10 contiguous vacant parcels totaling approximately 33,447 SF (0.77 acres) in Detroit’s Islandview neighborhood along the Van Dyke corridor. The parcels are offered together as one development package and are zoned R2 (Two-Family Residential District). The package includes 3097, 3093, 3087, 3081, 3075, 3069, 3063, 3055, 3403, and 3407 Van Dyke - All parcels come with clear title. Located along the Van Dyke corridor, these parcels offer excellent visibility and convenient access to major roadways, shopping, dining, schools, parks, public transportation, and many of Detroit's key destinations. The surrounding area continues to benefit from ongoing investment and revitalization, making this an exciting opportunity for future development. All parcels must be sold together as one package. Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: 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 abatements 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.