821 Continental St, Detroit, MI 48215 3918

Description

THIS BUNDLE INCLUDES 833 Continental, 839 Continental, 821 Continental, 815 Continental, 805 Continental, 797 Continental, 845 Continental, 851 Continental, & 827 Continental AND MUST BE PURCHASED TOGETHER. Welcome to the newest offering from the Detroit Land Bank Authority! This unique opportunity features approximately 0.70 acres of vacant land in the up-and-coming Jefferson Chalmers neighborhood--an area known for its community revitalization and long-term investment potential. Whether you're an investor or developer, these spacious lots provide a prime location for future development. Don't miss your chance to be part of Detroit's continued growth and transformation! 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.