$12,000 for Sale
3529 cochrane street, detroit, MI 48208
Property Description
***DEVELOPMENT OPPORTUNITY TO ACQUIRE FIVE (5) CONTIGUOUS RESIDENTIAL INFILL LOTS IN CORE CITY*** These parcels present an outstanding opportunity to build new residential properties, including single-family homes or condominiums, in a neighborhood experiencing ongoing investment and redevelopment. The adjacent lots include 3515, 3521, 3529, 3541, and 3545 Cochrane. Conveniently located within 1 mile of Michigan Central Station, Roosevelt Park, and Historic Corktown featuring award-winning restaurants, breweries, and coffee shops. Less than 2 miles of Comerica Park, Ford Field, Little Caesars arena, and major freeways. Whether you're a builder, developer, or future homeowner, this property offers an excellent opportunity to be part of one of Detroit's most active areas of reinvestment. Only $60,000 for all 5 adjacent lots. 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: $12,000
Price/SqFt:
Status: Active
MLS#: 20261057281
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: $1
Est. Winter Taxes: $1
Legal Description: W COCHRANE 468 PLAT OF LOGNON FARM L2 P5 PLATS, W C R 8/29 31 X 100

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Listing By: Catina Willis of Next Level Realty & Investments, Phone: (734) 506-0076