2776 25th Street Detroit, MI 48216

Seven lots are available for purchase as a single unit, intended for residential construction. The properties, located on 25th St., include 2776, 2784, 2790, 2796, 2800, 2808, and 2814. Situated in Detroit, MI, the location offers proximity to Corktown, the upcoming Alumnifi Soccer Field, and downtown Detroit. The combined lot size is 0.07 acres. Interested buyers should consult proposal guidelines for new build opportunities. The Detroit Land Bank Authority (DLBA) recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The 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 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.