1925 MERRICK Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250022276
Originating Board Realcomp
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25.00 x 99.00
Property Description
Looking for a new build infill opportunity in the thriving Woodbridge community close to downtown? BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction N. of Warren, W. of Rosa Parks
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I001466S
Acceptable Financing Cash
Listing Terms Cash