7316 W Warren Ave, Detroit, MI 48210

Property Description

GREAT LOCATION COMMERCIAL LOT FOR SALE - Bring your idea to life!!! This land is located minutes away from Dearborn, Downtown Detroit, Corktown, and Mexicantown! Lot size is 130.00X100.00. All offers need to include a plot plan showing how the buyer intends to activate the site. Please refer to the attached Plot Plan Instructions and DLBA proposal guidelines. Also, 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 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. Payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI