$18,500 for Sale
2943 cochrane street, detroit, MI 48216
Property Description
INVESTMENT & INFILL DEVELOPMENT OPPORTUNITY! Vacant residential lot located at 2943 Cochrane St, Detroit, MI 48216, in the established Briggs neighborhood. Parcel Number: 08006559. This approximately 31' x 100' parcel offers an excellent opportunity for investors, builders, and developers looking to add new construction to an established residential area. The property is zoned R2 – Two-Family Residential, offering potential for residential development subject to current City of Detroit zoning requirements, approvals, and applicable building regulations. Conveniently located near Michigan Avenue, Corktown, Mexicantown, and Downtown Detroit, with easy access to major thoroughfares, employment centers, restaurants, entertainment, shopping, and neighborhood amenities. The surrounding area features a mix of established homes, renovated properties, and infill development, making this an attractive location for continued neighborhood investment and revitalization. Burton International School is also located nearby.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.
General Information
Sale Price: $18,500
Price/SqFt:
Status: Active
MLS#: 20261072174
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: plat of pc 27 lognon farm
Acres: 0.07
Lot Dimensions: 31X100
Size:
Acreage: 0.07 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Legal Description: W COCHRANE 320 PLAT OF LOGNON FARM L2 P5 PLATS, W C R 8/29 31 X 100

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Listing By: Erick Monzo of Keller Williams Realty-Great Lakes, Phone: (586) 541-4000