9804 Dexter Ave Detroit, MI 48206

This commercial zoned vacant lot presents a great opportunity, situated just minutes outside of Downtown Detroit and with convenient access to major expressways. Spanning 0.43 acres, the property is located in Detroit, MI 48206. The Detroit Land Bank Authority (DLBA) is looking for proposals focused on small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, density, and walkability of the area. Interested buyers are encouraged to consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the DLBA 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.