5387 BANGOR Street Detroit, MI 48210

This land-based site presents a development opportunity near the thriving Grand Boulevard and Midtown area. The offering includes nine lots with addresses at 5387, 5381, 5373, 5367, 5359, 5353 Bangor, and 4115, 4121, 4127 McGraw in Detroit, MI. The total lot size is 0.05 acres. The Detroit Land Bank Authority (DLBA) seeks proposals supporting the activation and stewardship of vacant land sites, including 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 neighborhood context. The DLBA is entitled to a tax capture for the five tax years after transferring ownership. This tax capture may be incompatible 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 will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The zoning is residential.