296 Belmont Street Detroit, MI 48202

Located in Detroit's North End, this property comprises four connected residential parcels. Zoned for residential use, the land offers potential for new construction or infill development. The property is listed as a bundle with the following contiguous parcels: 278 Belmont, 288 Belmont, 296 Belmont, and 302 Belmont, and must be sold together. The combined parcels have a size of 0.09 acres. Interested buyers must submit a proposal that includes a project proposal with the intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects with addresses and photos. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities and review 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 tax capture for the 5 tax years subsequent to transferring ownership of the property and will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes.