3466 Lincoln St Detroit, MI 48208

This property is a bundle of lots, including properties at 3490 and 3491 Lincoln, totaling 19,442 square feet, and 3481, 3475, 3501, and 3507 Lincoln, totaling 31,442 square feet. The properties are not sold separately. Spanning approximately 0.24 acres, the Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply, restore the urban fabric, and enhance 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission information.