Detroit - Beach Property For Sale #7244978

Awesome residential infill development offered in the rapidly developing Jefferson Chalmers neighborhood. Only a few blocks from attractions like the Detroit River, steps away from Stellantis and Coriander . 7 lots included, 967, 1003, 997, 991, 987, 979, 973 Conner, offering 20,602 square feet total and cannot be sold separately. Sale contingent on buyer/seller executed development agreement. 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.