Vacant Land - Detroit, MI

Great residential infill opportunity offered by the Detroit Landbank Authority located in the heart of it all in Mexicantown. Within walking distance to restaurants, parks and entertainment. 2 lots to be sold together, 1454 & 1446 24th St., cannot be sold separately. Please note that the DLBA 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. 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.

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