5658 Talbot St Hamtramck, MI 48212

This vacant land presents a build opportunity on the border of Hamtramck, Michigan. The available addresses include 5658 Talbot Street (60x100), 5690 Talbot Street (47x49), 5680 Talbot Street (30x100), 5650 Talbot Street (30x100), 5644 Talbot Street (30x100), 5642 Talbot Street (30x100), and 5632 Talbot Street (30x100). The total lot size is approximately 0.14 acres. Any building should define the space in a meaningful way and complement the community. The development should provide diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements that are otherwise available to the selected 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 the effect of any tax abatement on the purchase and development financing. The zoning is residential.