Description

The latest offering from the landbank in the Airport Sub neighborhood on Detroit's eastside. Vacant brick structure on a huge lot. Zoning is R1. This bundle includes 9169 Isham, 9160 Mcclellan, 9166 Mcclellan, and 9163 Isham. Total purchase price is $3000. Must be purchased together. 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