1502 Casgrain Street, Detroit, MI 48209

Property Description

Now's your chance for this fantastic infill opportunity. The redevelopment in this area is one you don't want to miss out on. Sale includes 1502, 1514, 1520, 1526 and 1532 Casgrain, not sold seperately for a total of $38,000. The DLBA is looking for affordable housing for these lots. 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.