5357 MITCHELL Street Detroit, MI 48211

This land-based site presents a great opportunity in the Poletown Community, Detroit, MI. The offering includes three lots with addresses 5357, 5347, and 5361 Mitchell, available for a total price of $17,250. The Detroit Land Bank Authority (DLBA) is seeking proposals to support the activation and stewardship of vacant land sites. Potential uses include 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. 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.