3324 ROCHESTER Street Detroit, MI 48206

This vacant land opportunity is located in the Dexter Linwood Neighborhood of Detroit, MI. The bundle includes the following properties: 3310, 3332, 3352, 3358, 3346, 3340, and 3324 Rochester Street. The total lot size is 0.09 acres. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as 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 context about the neighborhood. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with tax abatements 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.