Description

Check out these adjacent lots right off of Gratiot. This property is presented by The Detroit Land Bank and is listed as a bundle with 12804 and 12808 Strasburg. They must be purchased together. Total listing price is $3000. 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.