3643 30Th St Detroit, MI 48210

This offering from the Detroit Land Bank Authority features four vacant land lots situated in the Chadsey/Condon neighborhood of Detroit. The Detroit Land Bank Authority seeks proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, density, and walkability of the area. Interested buyers should consult the proposal guidelines for new build opportunities. It is recommended to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The bundle includes 3643 30th St., 3637 30th St., 3631 30th St., & 3724 31st St. The total lot size is 0.05 acres. The lots will not be sold separately. The Detroit Land Bank Authority 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. The Detroit Land Bank Authority 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.