1546 Collingwood St, Detroit, MI 48206 1511

Description

This Bundle lot is listed by Erick Monzo which includes 1546 Collingwood & 1532 Collingwood. Fantastic opportunity presented by the Detroit Land Bank! This offering includes two vacant lots, perfect for infill development in a growing community. Whether you're looking to build a new home or an investment property, these lots provide a prime location with great potential. Don't miss your chance to be part of Detroit's revitalization--bring your vision to life today! The DLBA 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. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.