2496 Parker St Detroit, MI 48214

This vacant land, located in Detroit, Michigan, presents an opportunity for residential development. The infill lot, situated in the Islandview neighborhood, measures 29 feet by 110 feet, totaling approximately 0.07 acres. The Detroit Land Bank Authority (DLBA) is offering this property and is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing 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. 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. Please refer to DLBA proposal guidelines.