2814 25th Street Detroit, MI 48216

Seven lots are available for purchase as a single package, intended for residential construction. The combined properties are located in close proximity to Corktown, the upcoming Alumnifi Soccer Field, and downtown Detroit. Prospective buyers are advised to consult proposal guidelines for new construction opportunities. Additionally, reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department is recommended for gaining further insight into the neighborhood context. The total lot size is 0.07 acres. The properties included in the sale are located at 2776, 2784, 2790, 2796, 2800, 2808, and 2814 25th St. Please note that 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 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.