Description

Vacant Land located in the highly desired Schoolcraft Southfield neighborhood. Lot size is 74 ft x 100 ft. Addresses included in subject listing are 15317 & 15335 and must be purchased together. Total price is $4998. Conveniently located near express ways and minutes from Downtown Detroit. 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.