$12,000

DLBA-owned vacant land, new build opportunity, located in the Core City neighborhood and offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Property presents an opportunity for infill development consistent with neighborhood revitalization goals. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD). To be considered, buyer must submit a complete DLBA proposal package including: project proposal describing intended use and timeline, proof of funds (bank statement or lender letter), site plan or concept drawing, and proof of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of development pro forma and financing. Interested buyers should contact the listing broker for the application link and submission instructions.