306 Melbourne Street, Detroit, MI 48202

Located in Detroit's North End area, this residential land is zoned R3. The lot is sold with 314 Melbourne, totaling 8,800 square feet. It is not sold separately. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development, with the goal of increasing housing supply, restoring the urban fabric, density, and walkability. Interested buyers should consult DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which 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. See attached documents for DLBA requirements and offer submission information. The lot size is 0.1 acres.