5957 Rosa Parks Blvd, Detroit, MI 48208

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.