6935 E Congress St, Detroit, MI 48207

Description

This vacant residential lot offers 0.10 acres of prime space, perfect for bringing your development vision to life. Whether you're looking to build your dream home or make a smart investment, this lot provides an excellent opportunity. Located just minutes from the lively Downtown Detroit, you'll enjoy easy access to the city's top entertainment, dining, and cultural attractions, all while being part of the growing and desirable Islandview neighborhood. Don't miss out on the chance to create something special!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.