2427 Ash St Detroit, MI 48208

This vacant land in Detroit, MI, presents an investment opportunity. The lot is being sold as a bundle with other properties located at 2433 Ash, 2439 Ash, 3094 17th, and 3106 17th, Detroit. The total price for the bundle is $38,400. The location provides a short commute to several local freeways and is situated minutes from Corktown. This land-based site is suitable for proposals supporting the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. Reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department is recommended for additional neighborhood context. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with other tax abatements. 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. The lot size is 0.05 acres.