3466 LINCOLN Street Detroit, MI 48208

This property is bundled with multiple lots, including those at 3490, 3491 Lincoln (across the street), 3481, 3475, 3501, and 3507 Lincoln, totaling 31,442 square feet. The listed property and the other lots are not sold separately. 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, density, and walkability. Interested buyers should consult DLBA 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. All offers must be supported by Proof of Funds, meeting or exceeding development costs. 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 other tax abatements. 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 the effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission information. The total lot size is 0.24 acres.