2242 SAINT JOSEPH Street Detroit, MI 48207

This property is part of a five-lot bundle, including 2232, 2236, 2248, and 2254 St. Joseph, totaling 14,200 square feet. The lots are not sold separately. Located in Detroit, MI 48207, the Detroit Land Bank Authority (DLBA) seeks 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 proposal guidelines for new build opportunities. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the property ownership transfer. 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. Review attached documents for DLBA requirements and offer submission information. The lot size is 0.06 acres.