3380 E PALMER Street Detroit, MI 48211

Opportunity!! 2 story multi-family home located in Detroit's Pole-town neighborhood near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Also included are adjacent lots 3386, 3392 & 3400 Palmer. The DLBA would like to see a thoughtful Land Based Project that incorporates the use of the home either as a residence or ancillary benefit to the land based project. 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.