Residential Land for Sale in Detroit, Michigan

Welcome to the latest offering from the Detroit land Bank Authority. 3 vacant lots located in the Buffalo/Charles subdivision ready for your design ideas. Sale includes 11630 and 11624 Dwyer street. Over 10,000 sq.ft. of vacant land to be used as new housing or a community land and beautification project. The Choice is yours. Please note that the Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines. Be advised that these lots come with a clear title insurance policy.