4253 LAWTON Street Detroit, MI 48208

This offering comprises a bundle of nine residential land parcels located in Detroit, MI. The properties are situated in the Core City area. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers are encouraged to consult proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The 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 amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The included addresses are 4253 Lawton, 4281 Lawton, 4271 Lawton, 4267 Lawton, 4245 Lawton, 4241 Lawton, 4235 Lawton, 4229 Lawton, and 4251 Lawton. The lots cannot be purchased separately. The total lot size is 0.08 acres.