2483 Parker St Detroit, MI 48214

This vacant land, located in Detroit's West Village, presents a build opportunity offered by the Detroit Land Bank Authority. The infill lot measures 31x110 and is zoned for residential use. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development, with the goal of increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. It is recommended to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing.