Property Description

***Exceptional opportunity to acquire FIVE (5) contiguous residential infill lots in Detroit's rapidly evolving Core City*** These R2-zoned parcels offer an excellent opportunity for new residential construction in a neighborhood experiencing continued investment and redevelopment. The assemblage includes 3515, 3521, 3529, 3541, and 3545 Cochrane. Conveniently located near downtown Detroit, Corktown, Michigan Central, major freeways, restaurants, shopping, and neighborhood amenities. Whether you're a builder, developer, or future homeowner, this property offers an excellent opportunity to be part of one of Detroit's most active areas of reinvestment. Only $60,000 for all 5 parcels. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Property Features

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