2105 S LA SALLE Detroit, MI 48206

This vacant lot presents an opportunity for constructing new housing within a developing community. The location is near the Motown Museum, Henry Ford Hospital, and the New Center/Downtown area. Spanning approximately 0.31 acres, the property is zoned for residential use. The Detroit Land Bank Authority (DLBA) is looking for proposals focused on small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, density, and walkability of the neighborhood. Interested buyers are advised to review the DLBA's proposal guidelines for new build opportunities and consult relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. A tax capture applies to the DLBA for the 5 tax years following the property ownership transfer, which may not be compatible 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 effect of any tax abatement on the purchase and development financing.