18088 Pelkey Street, Detroit, MI 48205

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. Please note that the Detroit Land bank Authority 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 and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Listing Status:

Active

Date Added:

December 21, 2022 at 06:00AM

Listing Office:

Real Estate One-Southfield : 248-723-0055

Listing Agent:

Gene Kelley : 248-506-1257

MLS ID:

60180376

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Detroit City School District
• County: Wayne

Lot

• Zoning: E PELKEY N 20 FT 20 S 20 FT 19 TROMBLEY PARK SUB L40 P93 PLATSW C R 21/631 40 X 124.50

Utilities

• Water: Public Water at Street
• Sewer: Public At Street

Financial

• Source: MiRealSource

This listing courtesy of Gene Kelley, Real Estate One-Southfield