Vacant Land - Detroit, MI

Great residential infill opportunity offer by the Detroit Landbank Authority located close to the downtown area at Gratiot and E. Grand Blvd. 2 lots to be sold together, 4404 & 4424 Helen, 23,690 square feet combined, cannot be sold separately. 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.

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