$18,000

This newest listing is offered by the Detroit Land Bank. This vacant residential lot offers the perfect blank canvas for you to bring your vision to life. Whether you're dreaming of building your custom home or making an investment in the future, this lot is your gateway to possibility. Ideally located just minutes from the vibrant energy of Downtown Detroit, you'll enjoy easy access to the city's entertainment, dining, and cultural scenes while still savoring the charm of the Islandview neighborhood. Don’t miss out on this opportunity to create something truly special! This lot is on The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the 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 abatement 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.