5387 Bangor St Detroit, MI 48210

This land-based site presents a development opportunity near the thriving Grand Boulevard/Midtown area, comprising nine lots with addresses including 5387, 5381, 5373, 5367, 5359, 5353 Bangor, and 4115, 4121, 4127 McGraw in Detroit, MI. The total lot size is approximately 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. Reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department is also recommended for additional neighborhood context. Note that the DLBA is entitled to a tax capture for the five tax years following property ownership transfer, potentially 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, determined after reviewing the development proforma and the effect of any tax abatement on purchase and development financing.