1433 Sheridan St Detroit, MI 48214

This bundled listing offered by the Detroit Land Bank includes six residential vacant lots located in the Islandview neighborhood: 1433 Sheridan, 1439 Sheridan, 1445 Sheridan, 1451 Sheridan, 1457 Sheridan, and 1461 Sheridan. Situated minutes from Downtown Detroit, these lots, zoned for residential use, total approximately 0.54 acres. The Detroit Land Bank is seeking proposals to support the activation and stewardship of these vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. The Detroit Land Bank 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 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. Detroit Land Bank 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 abatement on the purchase and development financing.