2661 Hendricks St, Detroit, MI 48207

This exceptional commercial land parcel, encompassing 9,450 square feet, presents a unique investment opportunity in Detroit, Michigan. Located at 2661 Hendricks St, Detroit, MI 48207 (Wayne County), this property is being sold in conjunction with 2675 Hendricks St and cannot be purchased separately. The land is zoned for commercial use, making it ideal for small- to medium-scale infill development projects. The Detroit Land Bank Authority (DLBA) encourages proposals focused on increasing housing supply, restoring urban fabric, and enhancing density and walkability. Prospective buyers are strongly advised to review the DLBA's proposal guidelines for new build opportunities and the City of Detroit's Planning and Development Department's Neighborhood Framework Plans for comprehensive neighborhood context. It's crucial to understand that the DLBA retains tax capture rights for five years post-sale, potentially impacting the availability of tax abatements. The DLBA will consider waivers of 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 accompanying documents. This property is sold AS-IS, WHERE-IS.