3997 17TH Street Detroit, MI 48208

This offering includes a vacant lot bundled with three additional lots located at 2517, 2525 Poplar, and 4005 Bagley, Detroit, MI 48208. The combined area of the four lots totals 9,887 square feet. These lots are not available for individual purchase. 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 in the area. Interested buyers are encouraged to consult the DLBA's proposal guidelines for new build opportunities. Additionally, reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department is recommended for additional context about the neighborhood. Please note that 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. 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.