2796 25th St, Detroit, MI 48216

Property Description

7 lots offered for residential build opportunities to be sold together and cannot be seperated. Sale includes 2776, 2784, 2790, 2796, 2800, 2808, and 2814 25th St.. Situated in close proximity to Corktown, soon to come Alumnifi Soccer Field and downtown Detroit, making it an attractive investment for the right buyer. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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.