540 Concord Street, Detroit, MI 48207

This offering from Detroit Land Bank Authority includes 4 congruent lots, totaling 14,256 sq ft or roughly 0.33 acres. The vacant lots provide space for expansion or new construction. Located in a growing area, this is an opportunity to acquire multiple properties. Interested buyers must submit a proposal that includes a project proposal with intended use and timeline, proof of funds, scope of work with breakdown of renovation costs, and proof of previous projects including addresses and photos. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the 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. Please note that the Detroit Land Bank Authority 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 Authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.