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31185414
31185413

15048 Joy Rd, Detroit, MI 48228

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$15,000
158 days on market
Updated 76 days ago

DLBA | We Care Community Commercial Lot - 15048 Joy

Details
Property Type Land
Sub Type Commercial
Acreage 0.050
Zoning B4

Land | 0.05 acres

Marketing description

Affordable B4-zoned commercial lot located at 15048 Joy Rd in Detroit’s We Care Community neighborhood. This 2,297 sq ft (0.05-acre) corner parcel offers excellent potential for small commercial development, retail kiosk concepts, community-serving uses, or a strategic expansion site for the neighboring multifamily property. With strong visibility along Joy Road and flexible general business zoning, the lot is well-positioned for investors or small developers looking to create a compact commercial footprint in an active residential corridor.

Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.


Listing Contacts

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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