3905 Beaconsfield St Detroit, MI 48224

This offering presents a vacant land opportunity consisting of multiple parcels: 3905, 3945, 3945, 3967, 3959, 3951, 3935, 3919, 3927, and 3911 Beaconsfield, located in Detroit, MI. The combined purchase price for all parcels is $36,000. The land is zoned for residential use. Encompassing approximately 0.1 acres in Wayne County, this land-based site is suited for various purposes. The Detroit Land Bank Authority (DLBA) is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, 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. It is also recommended to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the DLBA 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.