3443 Beals St Detroit, MI 48214

This offering consists of a bundle of residential vacant lots located in the Islandview neighborhood of Detroit. The bundle includes properties at 3443 Beals, 3453 Beals, 3447 Beals, 3471 Beals, 3465 Beals, 3459 Beals, and 3479 Beals. The lots total 0.49 acres. Situated minutes from Downtown Detroit, the Detroit Land Bank is seeking proposals to support the activation and stewardship of these vacant land sites. Potential uses include urban agriculture, gardening, or beautification projects, whether for profit or community activation. Interested buyers should consult the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. Reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department is also recommended for additional neighborhood context. Please note that the Detroit Land Bank 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.