1173 Concord Street Detroit, MI 48207

This property is part of a bundle with seven contiguous parcels: 1207 Concord, 1197 Concord, 1191 Concord, 1185 Concord, 1179 Concord, 1173 Concord, and 1221 Concord. All eight properties must be purchased together. Zoned residential, the combined parcels offer potential for a new build or infill development. The Detroit Land Bank Authority (DLBA) requires interested buyers to submit a proposal that includes a project proposal with intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects including addresses and photos. The DLBA seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the five tax years following the property transfer, which may be incompatible with other available tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development proforma and the effect of any tax abatement on financing.