13537 GRATIOT AVE, Detroit, MI 48205

This for-sale specialty commercial property is being offered by the Detroit Land Bank Authority as a blank slate for an investor or operator. The current offering emphasizes the opportunity to restore historic character or rework the structure into a modern business space, supported by “solid bones” as noted in the remarks. The property’s intended direction will depend on the purchaser’s renovation plans and approvals.

The asset is located at 13537 Gratiot Ave in Detroit, MI. Prospective purchasers should review the DLBA’s stated policy related to taxation, including that DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The remarks further note that the tax capture may be incompatible with other tax abatement that may otherwise be available to the selected purchaser.

If you are considering this property for restoration or adaptive reuse, plan for diligence around potential tax capture impacts and whether any waiver is needed. The DLBA indicates it will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. For investors comfortable underwriting those terms, the property represents a hands-on redevelopment opportunity anchored by the flexibility described in the offering.