26165 W OUTER Drive Detroit, MI 48217

This land offering presents a significant opportunity for infill housing development in Detroit, Michigan. The land is bundled with multiple parcels including 26121 W Outer, 3626, 3622,3610, 3606, 3602,3598,3632,3618, 3614, and 3594 Electric, totaling 42,588 square feet. The properties are not available for individual purchase and are zoned R1. Prospective buyers are required to submit a purchase application that includes detailed construction plans or precedent architectural images illustrating the proposed development, along with a comprehensive financing plan supported by either proof of funds, a pre-approval letter, or a new construction loan. It is important to note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of property ownership. This tax capture may not be compatible with other tax abatements potentially available to the purchaser. The DLBA will consider requests to waive its tax capture rights, which may require a payment in lieu of taxes. The payment amount will be determined after reviewing the development proforma and the impact of any tax abatement on the purchase and development financing. All information is believed to be accurate but should be verified by the buyer. Interested parties should refer to the attached documents for specific DLBA requirements and offer submission guidelines.