1944 Putnam St Detroit, MI 48208

Four vacant land parcels are available in the Woodbridge neighborhood of Detroit. The parcels are located at 1944 Putnam, 5104 Vermont, 5114 Vermont, and 5120 Vermont. Each lot averages 0.10 acres, totaling approximately 0.28 acres. The total purchase price for all four parcels is $29,900. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult the DLBA's 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 five tax years following the transfer of ownership. This tax capture may be incompatible with other tax abatements available to the purchaser. The 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 the effect of any tax abatement on the purchase and development financing. The property is zoned for residential use.