877 MANISTIQUE Street Detroit, MI 48215

This residential land is located in Detroit, MI, specifically within the Jefferson Chalmers NEZ site. The property is bundled with 871 and 883 Manistique. The combined area of the three lots totals 10,355 square feet, which is approximately 0.08 acres. Intended use is for infill building. Prospective buyers are required to submit a purchase application that includes construction plans or precedent agriculture images of the proposed development, along with a financing plan that provides proof of funds or a pre-approval letter for a new construction loan. The property's location offers convenient access to the Q-Line and the New Center Area. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The DLBA will consider requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes, the amount of which will be determined after reviewing the development proforma and the impact of any tax abatement on the purchase and development financing. Additional information regarding DLBA requirements and offer submission can be found in the attached documents.