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Vacant Land - Detroit, MI
Great property for infill building located in Detroit’s bustling North End neighborhood. This is sold with adjacent lot (136 Westminster). Property is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. The seller is the Detroit Land Bank Authority. 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 and lot combinations 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 a...
Great property for infill building located in Detroit’s bustling North End neighborhood. This is sold with adjacent lot (136 Westminster). Property is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. The seller is the Detroit Land Bank Authority. 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 and lot combinations 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 requirements. BATVAI
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