Residential Land for Sale in Detroit, Michigan

Check out this latest offering from the Detroit Land Bank Authority located at 8 Mile and Mound. This FIVE lot bundle is conveniently located near the Chrysler Assembly Plant and expressway making commutes to work or downtown easy. 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. THIS BUNDLE INCLUDES 20511 CALDWELL, 20505 CALDWELL, 20500 BUFFALO, 20512 BUFFALO, AND 20522 BUFFALO AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $5,400.