1577 Sycamore St, Detroit, MI 48208 2871

Description

DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes two (2) residential parcels located at **1571 & 1577 Sycamore St** in Detroit's **North Corktown neighborhood**. Properties must be sold together for a **total purchase price of $26,000** (**$13,000 each**), presenting an excellent opportunity for **new construction infill development** in one of Detroit's most desirable and rapidly growing areas. The site includes: * **1571 Sycamore St:** approximately **34' x 115'** * **1577 Sycamore St:** approximately **35' x 115'** Combined, the parcels offer approximately **69 feet of frontage and 115 feet of depth**, providing flexibility for **single-family or potential multi-unit development** (subject to zoning and City approval), consistent with neighborhood revitalization goals. The surrounding area features a strong mix of **new construction, renovated homes, and active development**, supporting high demand and long-term value. Located in **North Corktown**, the property is just minutes from **Downtown Detroit, Corktown, Michigan Avenue corridor, and major employment centers**, along with nearby parks, restaurants, and neighborhood amenities. Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawings, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold **as-is**. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Bu