885 E Grand Blvd Detroit, MI 48207

This exceptional commercial land parcel, located at 885 E Grand Blvd, Detroit, MI 48207, presents a unique distressed sale opportunity. Zoned R5, this property is ideally suited for small- to medium-scale infill development projects focused on increasing housing density and enhancing neighborhood walkability. Prospective buyers are encouraged to review the Detroit Land Bank Authority (DLBA) proposal guidelines for new build opportunities and relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for comprehensive neighborhood context. All offers must include Proof of Funds sufficient to cover development costs. It's important to note that the DLBA retains tax capture rights for five years post-sale, potentially impacting the availability of certain tax abatements. The DLBA will consider requests to waive these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development proforma and the impact of any tax abatement on financing. Detailed DLBA requirements and offer submission information are available in attached documents. The asking price for this property is $23,658. Buyer to verify all information.