2764 HURON Detroit, MI 48216

This offering includes a bundle of vacant land parcels located in Detroit, MI. The properties included in this bundle are 2776 HURON, 2734 HURON, 2738 HURON, 2742 HURON, 2758 HURON and 2025 TEMPLE and 2764 HURON. The properties are not sold separately. Envisioned building designs should define space in a meaningful way and complement the community. The development should provide diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Housing types should also vary. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The Detroit Land Bank Authority (DLBA) 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 that are 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 total lot size is 0.09 acres. The zoning is residential.