About This Home

This land at 2203 LOTHROP Street in Detroit, MI is listed for $20,000 (0.20 acres).

Key Features

  • 0.20 acre lot
Listing Description

Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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 our 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.

Please 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.

Location

2203 LOTHROP Street

Detroit, MI 48206

LASALLE GARDENS (PLATS)

Questions & Answers

This 0-bedroom, 0-bathroom land at 2203 LOTHROP Street is listed at $20,000. The estimated monthly payment is $107 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.20 acre lot.

This property is listed by Natasha C Richards.

NR

Natasha C Richards

Agent at Bellabay Realty Tri-Counties

Listed by Bellabay Realty Tri-Counties · Broker phone: (248) 274-6614 · View on Broker Site

MLS# 20240024655· Source: Realcomp Limited II· 926 days on PropertySimple

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2203 LOTHROP Street, Detroit, MI 48206

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