2601 S Fort St, Detroit, MI 48217

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. 3 buildable commercial lots on a well traveled road. Bring your plans and your ideas. Over 10,000 sqft of buildable space available in this bundle. Sale includes, 2607 and 2613 Fort st. as well. The lots are Zoned B-4 and a commercial structure should be considered here. 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/or 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.