851 Continental St Detroit, MI 48215

This offering features approximately 0.70 acres of vacant land, comprising multiple lots, in the Jefferson Chalmers neighborhood. The bundle includes 833 Continental, 839 Continental, 821 Continental, 815 Continental, 805 Continental, 797 Continental, 845 Continental, 851 Continental, and 827 Continental, and must be purchased together. The area is known for community revitalization and long-term investment potential, providing a location for future development. The Detroit Land Bank Authority (DLBA) 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 DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which 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.