19925 Schaefer Hwy Detroit, MI 48235

This vacant land in Detroit, MI, presents an opportunity to build a dream home. The large lot includes a circular driveway and features 68 frontage feet. Its location offers proximity to schools, parks, and the expressway. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development, aiming to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers are encouraged to 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 neighborhood context. The lot size is approximately 0.21 acres. Please note that the DLBA 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. 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 effect of any tax abatement on the purchase and development financing.