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Vacant Land - Detroit, MI
Located in the vibrant North End of Detroit, three side-by-side lots at 9149, 9155 and 9161 Delmar are being sold together as a package as an infill opportunity totaling $36,000. This prime location offers a fantastic opportunity for development or investment in one of Detroit’s most dynamic neighborhoods. With easy access to Downtown, major roadways, and local amenities, these parcels are perfect for builders, investors, or those looking to create something special. 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...
Located in the vibrant North End of Detroit, three side-by-side lots at 9149, 9155 and 9161 Delmar are being sold together as a package as an infill opportunity totaling $36,000. This prime location offers a fantastic opportunity for development or investment in one of Detroit’s most dynamic neighborhoods. With easy access to Downtown, major roadways, and local amenities, these parcels are perfect for builders, investors, or those looking to create something special. 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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