554 Concord Street Detroit, MI 48207

This bundled package from Detroit Land Bank Authority includes 4 congruent lots, totaling 14,256 sq ft or roughly 0.33 acres. The lots at 554 Concord, 540 Concord, 548 Concord, and 534 Concord are being sold together. These vacant lots provide space for expansion or new construction and are located in a growing area. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. 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. Interested buyers must submit a proposal that includes a project proposal with intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects including addresses and photos. 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.