1197 Concord Street Detroit, MI 48207

This property is listed as a bundle with seven contiguous parcels and must be sold together. The parcels are located at 1207 Concord, 1197 Concord, 1191 Concord, 1185 Concord, 1179 Concord, 1173 Concord, and 1221 Concord in Detroit, MI. The properties are zoned residential, presenting an opportunity for new build or infill development. The lot size is 0.16 acres. Interested buyers must submit a proposal that includes a project proposal with the 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 Detroit Land Bank Authority (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 context about the neighborhood. The DLBA is entitled to a tax capture for the 5 tax years after transferring ownership and will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes.