3935 BEACONSFIELD Street, Detroit, MI 48224

This vacant land opportunity includes multiple parcels: 3905, 3945, 3945, 3967, 3959, 3951, 3935, 3919, 3927, and 3911 Beaconsfield, located in Detroit, MI 48224. The total lot size is 0.1 acres. The land is for sale with a residential zoning designation. This land-based site is offered as a bundle. 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 DLBA's proposal guidelines for land-based sites and their Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.