4
See all 4 photos
$15,500
Est. payment /mo
4,356 Sqft Lot
Active
5500 TALBOT Street Hamtramck, MI 48212
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Municipality Hamtramck City
Subdivision Hamtramck City
MLS Listing ID 20240063812
Originating Board Realcomp
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 20 x 218
Property Description
This property is in a 3 lot bundle with 5506 and 5510 Talbot. All Totaling 10,373 sqft. Not sold separately. Lots zoned R2.The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult DLBA proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Note that the 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 abatement 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. See attached documents for DLBA requirements and offer submission info. BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE MCNICHOLS HEADED EAST PASS DEQUINDRE. MAKE RIGHT ONTO CONANT HEAD SOUTH. MAKE LEFT ONTO TALBOT. PLOTS ON THE RIGHT SIDE. CORNNER OF BUFFALO AND TALBOT.
Exterior
View Y/N No
Schools
School District Hamtramck
Others
Tax ID 13005984.
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc