17886 DEQUINDRE ST Detroit MI 48212 MLS #20230040847

The latest offering from the landbank in the Cadillac Heights neighborhood right by the expressway. Vacant structure on a huge lot. Zoning is B4. This bundle includes 17886 Dequindre and 17890, 17894 Dequindre ( Vacant Lots ). Total purchase price is $5500. 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.