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$20,000
20230006876 MLS
Welcome to the latest offering from the Detroit Land Bank Authority. Buildable lot in the island view neighborhood. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. 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 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.

1043 Canton St, Detroit

Courtesy of Real Estate One-Southfield 2487230055
$10,000
20240024631 MLS
Located in the heart of the up and coming Island View Neighborhood, this excellent location is nearby West Village, walking distance to restaurants, retail and the Detroit River. The DLBA requires new Single Family Residence or Multi-Family development to be completed within 540 days of closing. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. The Seller requires a new build proposal and visual renderings with offer. The Purchaser shall present construction plans or precedent architectural images of proposed development. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement.

1777 Canton St, Detroit

Courtesy of Bellabay Realty Tri Counties 2482746614