595 Leicester Court Detroit, MI 48202

This offering comprises a bundle of four vacant residential lots located in Detroit, specifically 577, 583, 589, and 595 Leicester Court. These lots are not available for individual purchase and are being sold together. The combined area of the four lots totals 14,032 square feet. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply, restore the urban fabric, and enhance density and walkability in the area. Interested buyers are advised to consult the DLBA's proposal guidelines for new build opportunities. Additionally, the DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department to gain additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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. Additional DLBA requirements are detailed in the attached documents.