3521 CONCORD Street, Detroit, MI 48207

This bundle includes three residential vacant lots located in the Islandview neighborhood of Detroit. The lots are located at 3521 Concord, 3527 Concord, and 3517 Concord. The lots are located minutes from Downtown Detroit. The Detroit Land Bank is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Buyers should consult proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. Reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department is also recommended for additional context about the neighborhood. The Detroit Land Bank 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. The Detroit Land Bank 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. The total lot size is 0.06 acres.