845 CONTINENTAL Street Detroit, MI 48215

This offering features approximately 0.70 acres of vacant land in the Jefferson Chalmers neighborhood. The area is known for its community revitalization and long-term investment potential. These spacious lots provide a location for future development. The Detroit Land Bank Authority is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. The Detroit Land Bank Authority also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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. The Detroit Land Bank Authority 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.