$525,000 Price Analysis 3418-3426 John R StDetroit, MI 48201 9 bed 9 bath 5,550 SqFt ($94/SqFt) 4,356SqFt lot. Built 1903 Listed 2023-08-07 | Ⓧ USDA Ineligible due to location near Detroit |
One of a kind opportunity to be neighbors with some of the most monumental redevelopments in Detroits resurgence, such as Little Caesars Arena, Wayne State University Mike Illitch School of Business, Detroit Medical Center and many more. The Detroit Land Bank Authority is seeking a developer for a prime development site comprised of a vacant shell to be transformed into apartment or condo use under the current R5 Zoning - Minimum Density Residential District.
The site cntains 3 adjacent structures: 3418, 3422 and 3426 John R Street. Detailed proposals are not limited to site plans, Proof of Funds for both the acquisition and construction costs, as well as developer experience. The Development Proposal Guidelines and offer instructions are attached to listing. Seller Purchase and Development Agreement to be provided upon acceptance of qualifying offer. All proposals are due November 14, 2021.
Presented by James Bufalino at
Premier Property Services Llc.
Property MLS #2210086543 from Realcomp
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.