This property presents an exciting opportunity for an investor or business owner with vision. Located in a thriving area, this commercial building is ready for its next chapter. While it does need some TLC, its potential is undeniable—transform it into the vibrant gem it once was. Whether you're looking to restore it to its former glory or give it a fresh, modern twist, this is the perfect project for someone eager to make their mark in a highly sought-after neighborhood. Don't miss your chance to turn this diamond in the rough into a true asset for the community! 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.
