3028 14Th St Detroit, MI 48216

This vacant land in Detroit, Michigan, presents a great investment opportunity. The lot is being sold as a bundle with 3034 14th St. Its location offers a short commute to several local freeways and is minutes from Corktown. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development, with the goal of increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. Please note that 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. The lot size is approximately 0.14 acres and is zoned for residential use.