10401 W CHICAGO Detroit, MI 48204

Perfect opportunity for investor or private business owner. Located on the corner lot. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please note that the Detroit Land Bank Authority is en.titled 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 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. Please see attached documents for requirements.