877 MANISTIQUE Street Detroit, MI 48215

This property presents an opportunity for infill building and is located within the Jefferson Chalmers NEZ site. It is bundled with 871 and 883 Manistique. The three lots together total 10,355 square feet, which is approximately 0.08 acres. Prospective buyers are required to submit an application to purchase, which must include construction plans or precedent agriculture images of the proposed development, along with a financing plan that includes either proof of funds or a pre-approval letter for a new construction loan. The property is located within walking distance of the Q-Line and the New Center Area. Note that the Detroit Land Bank Authority 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 review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. Additional documents are available with DLBA requirements and offer submission information. The zoning is residential.