Courtesy of: Gene Kelley II | | Real Estate One-Southfield
Year Build: 1914
Square Footage: 2,069 Sq ft
Address: 5398 CADILLAC
Neighborhood: Cadillac Sub Of Lots 3&4 Of Butlers Sub
Former Party/Grocery store offered by the Detroit Land Bank Authority. Needs a lot of work, good opportunity to revitalize the neighborhood. Show with caution. 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 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.