471 JEFFERSON Detroit, MI 48207

This 0.10-acre vacant lot is located in the Islandview neighborhood. It presents an opportunity for building a home or investment property. The location provides access to Belle Isle, the Detroit Riverwalk, and downtown Detroit. The Detroit Land Bank Authority (DLBA) is seeking proposals for the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Buyers should consult the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. The DLBA recommends reviewing 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 5 tax years subsequent to transferring ownership of the property, which may be incompatible with other tax abatements. 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 will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.