Description
Welcome to the next offering from the Detroit Land Bank Authority. Commercial Brick structure. Looks like it used to be a warehouse or storefront of some sort. Property also includes 8809 Epworth which is attached to the property combined into one structure along with the surrounding land. Property needs total renovation. Proceed with caution. 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 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.
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Listing Agent: Gene Kelley II
Listing Office: Real Estate One-Southfield
