2661 Hendricks St Detroit, MI 48207

This property, totaling 9,450 square feet, is being sold in conjunction with 2675 Hendricks. It is not available for individual purchase. The Detroit Land Bank Authority (DLBA) is looking for proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 abatement 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 abatement on the purchase and development financing. Refer to the attached documents for DLBA requirements and offer submission information. The property is zoned commercial and has a lot size of 0.15 acres.