21
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$18,500
Est. payment /mo
3,049 Sqft Lot
New
2943 Cochrane ST Detroit, MI 48216
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Key Details
Property Type Vacant Land
Sub Type ImprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Plat Of Pc 27 Lognon Farm
MLS Listing ID 20261072174
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type ImprovedLand
Property Description
INVESTMENT & INFILL DEVELOPMENT OPPORTUNITY! Vacant residential lot located at 2943 Cochrane St, Detroit, MI 48216, in the established Briggs neighborhood. Parcel Number: 08006559. This approximately 31' x 100' parcel offers an excellent opportunity for investors, builders, and developers looking to add new construction to an established residential area. The property is zoned R2 – Two-Family Residential, offering potential for residential development subject to current City of Detroit zoning requirements, approvals, and applicable building regulations.
Conveniently located near Michigan Avenue, Corktown, Mexicantown, and Downtown Detroit, with easy access to major thoroughfares, employment centers, restaurants, entertainment, shopping, and neighborhood amenities. The surrounding area features a mix of established homes, renovated properties, and infill development, making this an attractive location for continued neighborhood investment and revitalization. Burton International School is also located nearby.Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: 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 abatements 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.
Conveniently located near Michigan Avenue, Corktown, Mexicantown, and Downtown Detroit, with easy access to major thoroughfares, employment centers, restaurants, entertainment, shopping, and neighborhood amenities. The surrounding area features a mix of established homes, renovated properties, and infill development, making this an attractive location for continued neighborhood investment and revitalization. Burton International School is also located nearby.Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: 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 abatements 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
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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