2537 Canton St Detroit, MI 48207

This vacant residential lot, offered by the Detroit Land Bank, measures 45x105, presenting a blank canvas for realizing your vision. This lot is ideally located minutes from Downtown Detroit, with access to the city's entertainment, dining, and cultural scenes, while maintaining the charm of the Islandview neighborhood. The Detroit Land Bank is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Buyers should consult the 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 also recommended for additional context about the neighborhood. The Detroit Land Bank is entitled to a tax capture for the 5 tax years after transferring ownership of the property, which may be incompatible with tax abatement otherwise available to the selected 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. The lot size is 0.11 acres.