3945 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. The total purchase price for this land-based site is $36,000. Spanning approximately 0.1 acres, the Detroit Land Bank Authority (DLBA) is seeking proposals to support the activation and stewardship of these vacant land sites. Potential uses include urban agriculture, gardening, or beautification projects, 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. 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.