14405 Manning St Detroit, MI 48205

This offering comprises a bundle of seven vacant lots located in Detroit, specifically including the properties at 14443, 14411, 14439, 14433, 14425, 14417, and 14405 Manning Street. These lots are not available for individual purchase and collectively encompass a total area of 29,499 square feet. The Detroit Land Bank Authority (DLBA) is seeking proposals geared towards small- to medium-scale infill development, with the objectives of augmenting the housing supply and revitalizing the urban environment, including enhancing density and walkability. Prospective buyers are advised to consult the DLBA's proposal guidelines to understand the opportunities for new construction. Additionally, the DLBA suggests reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department to gain further insights into the neighborhood context. It should be noted that the Detroit Land Bank Authority retains the right to a tax capture for the five tax years following the transfer of property ownership. This tax capture may not be compatible with other tax abatements potentially available to the purchaser. The DLBA will consider requests to waive its tax capture rights, which may involve a payment in lieu of taxes. The amount of this payment will be determined after reviewing the development proforma and assessing the impact of any tax abatements on the financing of the purchase and development.