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278 Belmont Street Detroit, MI 48202
5,662 Sqft Lot
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251061408
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45X128
Source Realcomp
Property Description
This property is listed in a bundle with the following four contiguous parcels and must be sold together: 278 Belmont, 288 Belmont, 296 Belmont, and 302 Belmont. These must be purchased together and cannot be split. Zoned residential, the property offers excellent potential for a new-build/infill development opportunity. How to Apply: Interestedbuyers must submit aproposal that includes: 1. Project Proposal (intended use of structure + timeline) 2.Proof of Funds (bankstatement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof ofPrevious Projects:(include addresses and photos). The DLBA is seeking proposals for small- to medium-scaleinfill developmentto increase housing supply, restore the urban fabric, and improve density and walkability.Interested buyersshould consult the proposal guidelines for new build opportunities. The DLBA alsorecommends reviewingrelevant Neighborhood Framework Plans from the City of Detroit's Planning andDevelopment Department foradditional context about the neighborhood. Please note that the DLBA is entitledto a tax capture for the 5 taxyears subsequent to transferring ownership of the property. The tax capture maybe incompatible with taxabatement that are otherwise available to the selected purchaser. DLBA will reviewrequests to waive its taxcapture rights and may require a payment in lieu of taxes to approve such requests.The payment will bedetermined upon reviewing the development proforma and effect of any tax abatement onthe purchase anddevelopment financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction North on John R Street to Belmont Street
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W01I003234S
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Realty-Great Lakes
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