595 Leicester Ct Detroit, MI 48202

This offering includes a vacant lot bundled with three adjacent lots at 577, 583, and 589 Leicester, totaling 14,032 square feet. These four lots are not available for individual purchase. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should 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 neighborhood context. Note that the DLBA is entitled to a tax capture for the five tax years following the property ownership transfer, which may be incompatible with other available tax abatements. The DLBA will consider requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes. This payment will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The location has a bike score of 56, indicating it is bikeable, a walk score of 70, indicating it is somewhat walkable, and a transit score of 47, indicating some transit options are available.